De Lisle Partners LLP Increases Stock Holdings in Steel Partners Holdings L.P. (NYSE:SPLP)

De Lisle Partners LLP increased its stake in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 83.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 22,877 shares of the conglomerate’s stock after acquiring an additional 10,377 shares during the period. De Lisle Partners LLP owned approximately 0.12% of Steel Partners worth $924,000 at the end of the most recent reporting period.

Separately, Gabelli Funds LLC grew its stake in shares of Steel Partners by 0.3% during the second quarter. Gabelli Funds LLC now owns 596,503 shares of the conglomerate’s stock valued at $22,207,000 after acquiring an additional 1,700 shares in the last quarter. 50.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Steel Partners in a report on Sunday, November 24th. They issued a “strong-buy” rating for the company.

Steel Partners Stock Performance

Steel Partners stock opened at $43.99 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average of $40.58 and a 200-day moving average of $38.97. The stock has a market cap of $843.73 million, a P/E ratio of 4.51 and a beta of 1.36. Steel Partners Holdings L.P. has a 52 week low of $33.12 and a 52 week high of $43.99.

About Steel Partners

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.