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

Steel Partners Holdings L.P. (NYSE:SPLP) shares saw an uptick in trading volume on Wednesday . 68,217 shares were traded during trading, an increase of 201% from the previous session’s volume of 22,690 shares.The stock last traded at $50.05 and had previously closed at $50.35.

Steel Partners Price Performance

The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 5.13 and a beta of 0.54. 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 stock’s 50 day moving average price is $44.44 and its two-hundred day moving average price is $42.74.

Institutional Investors Weigh In On Steel Partners

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

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.