Steel Partners (NYSE:SPLP) Sees Strong Trading Volume – Here’s Why

Shares of Steel Partners Holdings L.P. (NYSE:SPLP) saw unusually-high trading volume on Tuesday . Approximately 3,898 shares changed hands during mid-day trading, an increase of 46% from the previous session’s volume of 2,666 shares.The stock last traded at $42.00 and had previously closed at $42.25.

Steel Partners Stock Performance

The firm has a market capitalization of $837.65 million, a P/E ratio of 4.31 and a beta of 1.00. 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 50-day moving average price of $42.33 and a two-hundred day moving average price of $41.16.

Institutional Trading of Steel Partners

A hedge fund recently raised its stake in Steel Partners stock. Gamco Investors INC. ET AL raised its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 3.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 104,648 shares of the conglomerate’s stock after purchasing an additional 3,276 shares during the period. Gamco Investors INC. ET AL owned 0.52% of Steel Partners worth $4,139,000 at the end of the most recent reporting period. Institutional investors own 50.75% of the company’s stock.

Steel Partners Company 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.