Gamco Investors INC. ET AL Has $4.12 Million Stock Position in Steel Partners Holdings L.P. (NYSE:SPLP)

Gamco Investors INC. ET AL increased its position in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,864 shares of the conglomerate’s stock after acquiring an additional 3,300 shares during the quarter. Gamco Investors INC. ET AL owned 0.51% of Steel Partners worth $4,123,000 as of its most recent SEC filing.

Separately, HighTower Advisors LLC lifted its holdings in shares of Steel Partners by 2.2% in the fourth quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate’s stock valued at $1,149,000 after purchasing an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 50.75% of the company’s stock.

Steel Partners Price Performance

NYSE SPLP opened at $33.67 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16. The firm has a market capitalization of $644.72 million, a price-to-earnings ratio of 3.45 and a beta of 1.01. The company has a 50 day simple moving average of $40.07 and a 200-day simple moving average of $40.84. Steel Partners Holdings L.P. has a 52-week low of $27.95 and a 52-week high of $48.45.

Steel Partners (NYSE:SPLP) last released its earnings results on Tuesday, March 11th. The conglomerate reported $3.40 earnings per share (EPS) for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%. The company had revenue of $497.92 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Steel Partners in a report on Thursday. They set a “strong-buy” rating on the stock.

Steel Partners Profile

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.