Steel Partners (NYSE:SPLP) Sees Large Volume Increase – Time to Buy?

Shares of Steel Partners Holdings L.P. (NYSE:SPLP) saw strong trading volume on Thursday . 1,433 shares traded hands during mid-day trading, a decline of 16% from the previous session’s volume of 1,708 shares.The stock last traded at $40.23 and had previously closed at $40.53.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Steel Partners in a report on Tuesday. They set a “strong-buy” rating on the stock.

Steel Partners Stock Up 4.9 %

The stock has a market capitalization of $805.46 million, a P/E ratio of 4.31 and a beta of 1.38. The stock has a 50 day moving average price of $41.93 and a 200-day moving average price of $40.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16.

Steel Partners (NYSE:SPLP) last posted its quarterly earnings results on Friday, November 8th. The conglomerate reported $1.65 earnings per share (EPS) for the quarter. Steel Partners had a return on equity of 21.72% and a net margin of 11.43%. The business had revenue of $520.42 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Steel Partners stock. De Lisle Partners LLP boosted its position in Steel Partners Holdings L.P. (NYSE:SPLP) by 83.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,877 shares of the conglomerate’s stock after acquiring an additional 10,377 shares during the period. De Lisle Partners LLP owned 0.12% of Steel Partners worth $924,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 50.75% of the company’s stock.

About Steel Partners

Steel Partners Holdings L.P., together with its subsidiaries, engages in industrial products, energy, banking, defense, supply chain management, logistics, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, Financial Services, and Supply Chain segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel tubing coils; fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and woven substrates of fiberglass, quartz, carbon, and aramid materials for specialty applications.