Steel Partners Holdings LP (NYSE:SPLP) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 96,900 shares, a growth of 29.5% from the June 15th total of 74,800 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 23,800 shares, the short-interest ratio is presently 4.1 days.

In other Steel Partners news, Chairman Warren G. Lichtenstein purchased 82,149 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $6.22 per share, with a total value of $510,966.78. Following the transaction, the chairman now owns 455,474 shares in the company, valued at $2,833,048.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders acquired 92,419 shares of company stock worth $562,083 over the last ninety days. Insiders own 57.00% of the company’s stock.

A hedge fund recently raised its stake in Steel Partners stock. Western Standard LLC increased its holdings in shares of Steel Partners Holdings LP (NYSE:SPLP) by 66.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,502 shares of the conglomerate’s stock after acquiring an additional 28,082 shares during the quarter. Western Standard LLC owned approximately 0.28% of Steel Partners worth $853,000 as of its most recent SEC filing. 29.74% of the stock is owned by hedge funds and other institutional investors.

Steel Partners stock traded down $0.39 during trading on Tuesday, hitting $5.35. 18,900 shares of the company were exchanged, compared to its average volume of 18,659. The company has a market capitalization of $133.38 million, a P/E ratio of -1.68 and a beta of 0.99. The business’s 50 day moving average is $5.43 and its 200 day moving average is $8.01. Steel Partners has a 52 week low of $4.31 and a 52 week high of $14.00. The company has a current ratio of 1.44, a quick ratio of 1.25 and a debt-to-equity ratio of 1.34.

Steel Partners (NYSE:SPLP) last posted its quarterly earnings data on Thursday, May 7th. The conglomerate reported ($2.47) earnings per share (EPS) for the quarter. The firm had revenue of $347.90 million for the quarter. Steel Partners had a negative return on equity of 8.30% and a negative net margin of 4.82%.

Steel Partners Company Profile

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.

Further Reading: Coverage Ratio

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