Wedbush Securities Inc. Buys 900 Shares of Steel Partners Holdings LP (SPLP)
Wedbush Securities Inc. increased its stake in shares of Steel Partners Holdings LP (NYSE:SPLP) by 7.1% during the 4th quarter, HoldingsChannel reports. The fund owned 13,611 shares of the conglomerate’s stock after purchasing an additional 900 shares during the period. Wedbush Securities Inc.’s holdings in Steel Partners were worth $182,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Jefferies Group LLC lifted its holdings in Steel Partners by 8.4% in the 3rd quarter. Jefferies Group LLC now owns 210,270 shares of the conglomerate’s stock worth $3,512,000 after buying an additional 16,223 shares in the last quarter. Family Management Corp lifted its stake in shares of Steel Partners by 25.4% in the third quarter. Family Management Corp now owns 43,836 shares of the conglomerate’s stock worth $732,000 after acquiring an additional 8,881 shares in the last quarter. Teton Advisors Inc. lifted its stake in shares of Steel Partners by 0.9% in the fourth quarter. Teton Advisors Inc. now owns 640,000 shares of the conglomerate’s stock worth $8,576,000 after acquiring an additional 6,000 shares in the last quarter. Steel Partners Holdings L.P. lifted its stake in shares of Steel Partners by 5.0% in the third quarter. Steel Partners Holdings L.P. now owns 983,819 shares of the conglomerate’s stock worth $16,430,000 after acquiring an additional 46,851 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Steel Partners by 34.9% in the third quarter. Renaissance Technologies LLC now owns 40,200 shares of the conglomerate’s stock worth $671,000 after acquiring an additional 10,400 shares in the last quarter. 30.08% of the stock is currently owned by hedge funds and other institutional investors.
Separately, ValuEngine cut shares of Steel Partners from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.
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Steel Partners Profile
Steel Partners Holdings L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain management, logistics, banking, and 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; manufactures and supplies fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and manufactures sheet and mechanically formed glass, quartz, carbon, and aramid materials for specialty applications.
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