Steel Partners (NYSE:SPLP) Sees Unusually-High Trading Volume – Here’s What Happened

Steel Partners Holdings L.P. (NYSE:SPLP) shares saw unusually-high trading volume on Monday . Approximately 5,830 shares traded hands during mid-day trading, an increase of 120% from the previous session’s volume of 2,656 shares.The stock last traded at $43.05 and had previously closed at $47.77.

Steel Partners Stock Performance

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 $880.57 million, a PE ratio of 4.51 and a beta of 0.58. The firm has a fifty day moving average price of $42.90 and a 200 day moving average price of $42.13.

Institutional Investors Weigh In On Steel Partners

An institutional investor recently raised its position in Steel Partners stock. Gamco Investors INC. ET AL increased its position in Steel Partners Holdings L.P. (NYSE:SPLP) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,648 shares of the conglomerate’s stock after buying 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. 50.75% of the stock is currently owned by institutional investors.

About Steel Partners

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.