Steel Partners (NYSE:SPLP) Sets New 52-Week High – Here’s What Happened

Steel Partners Holdings L.P. (NYSE:SPLP)’s share price reached a new 52-week high on Wednesday . The company traded as high as $50.00 and last traded at $50.00, with a volume of 3747 shares. The stock had previously closed at $44.41.

Steel Partners Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.02 billion, a PE ratio of 5.21 and a beta of 0.58. The stock has a 50 day moving average price of $43.36 and a two-hundred day moving average price of $42.35.

Institutional Trading of Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. Gamco Investors INC. ET AL increased its stake in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,648 shares of the conglomerate’s stock after acquiring an additional 3,276 shares during the period. Gamco Investors INC. ET AL owned about 0.52% of Steel Partners worth $4,139,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 50.75% of the company’s stock.

Steel Partners Company Profile

Steel Partners Holdings L.P. (NYSE:SPLP) is a diversified holding company founded in 1990 by Robert P. Steel. Through a collection of operating subsidiaries, the firm invests in and manages businesses across a range of industries, including steel and metal manufacturing, precision machining, performance materials, and equipment distribution. In addition to its core industrial operations, Steel Partners maintains interests in real estate, transportation services, dental support, and digital imaging solutions, reflecting a strategy of building value through diversified assets.

Headquartered in New York, Steel Partners conducts operations through regional offices, manufacturing plants and distribution centers located throughout the United States, Canada and selected European markets.