Gamco Investors INC. ET AL Trims Stake in Steel Partners Holdings L.P. (NYSE:SPLP)

Gamco Investors INC. ET AL reduced its stake in shares of Steel Partners Holdings L.P. (NYSE:SPLPGet Rating) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,700 shares of the conglomerate’s stock after selling 3,300 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Steel Partners were worth $4,397,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Steel Partners Holdings L.P. grew its holdings in Steel Partners by 3.6% in the fourth quarter. Steel Partners Holdings L.P. now owns 6,136,845 shares of the conglomerate’s stock valued at $257,747,000 after purchasing an additional 212,375 shares during the period. HighTower Advisors LLC grew its holdings in Steel Partners by 3.6% in the fourth quarter. HighTower Advisors LLC now owns 18,474 shares of the conglomerate’s stock valued at $776,000 after purchasing an additional 641 shares during the period. Smith Moore & CO. boosted its stake in shares of Steel Partners by 77.2% in the fourth quarter. Smith Moore & CO. now owns 18,611 shares of the conglomerate’s stock worth $782,000 after acquiring an additional 8,111 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Steel Partners in the fourth quarter worth approximately $389,000. Finally, Dorsey Wright & Associates boosted its stake in shares of Steel Partners by 15.7% in the fourth quarter. Dorsey Wright & Associates now owns 3,900 shares of the conglomerate’s stock worth $164,000 after acquiring an additional 528 shares during the last quarter. 91.57% of the stock is currently owned by institutional investors.

NYSE SPLP opened at $43.18 on Tuesday. The stock’s fifty day moving average is $42.25 and its two-hundred day moving average is $39.35. The firm has a market capitalization of $894.47 million, a P/E ratio of 12.70 and a beta of 1.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.49 and a current ratio of 1.75. Steel Partners Holdings L.P. has a fifty-two week low of $23.26 and a fifty-two week high of $45.03.

Steel Partners (NYSE:SPLPGet Rating) last released its quarterly earnings data on Thursday, March 10th. The conglomerate reported $1.25 earnings per share for the quarter. Steel Partners had a return on equity of 13.15% and a net margin of 5.14%. The company had revenue of $431.86 million for the quarter.

A number of brokerages have recently issued reports on SPLP. StockNews.com lowered Steel Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 12th. TheStreet raised Steel Partners from a “c” rating to a “b-” rating in a research note on Wednesday, February 2nd.

Steel Partners Company Profile (Get Rating)

Steel Partners Holdings L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain management, logistics, banking, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, and Financial Services 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.

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Institutional Ownership by Quarter for Steel Partners (NYSE:SPLP)

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