Family Management Corp Invests $614,000 in Steel Partners Holdings LP (NYSE:SPLP)

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Family Management Corp bought a new position in shares of Steel Partners Holdings LP (NYSE:SPLP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 43,836 shares of the conglomerate’s stock, valued at approximately $614,000. Family Management Corp owned approximately 0.18% of Steel Partners as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SPLP. Acadian Asset Management LLC purchased a new stake in shares of Steel Partners during the second quarter worth $45,000. Russell Investments Group Ltd. grew its holdings in shares of Steel Partners by 44.9% during the second quarter. Russell Investments Group Ltd. now owns 6,545 shares of the conglomerate’s stock worth $92,000 after buying an additional 2,029 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Steel Partners by 7.9% during the second quarter. Gamco Investors INC. ET AL now owns 28,736 shares of the conglomerate’s stock worth $402,000 after buying an additional 2,100 shares in the last quarter. Morgan Stanley grew its holdings in shares of Steel Partners by 52.4% in the second quarter. Morgan Stanley now owns 1,911,013 shares of the conglomerate’s stock valued at $26,753,000 after purchasing an additional 656,777 shares during the period. Finally, Steel Partners Holdings L.P. grew its holdings in shares of Steel Partners by 33.7% in the first quarter. Steel Partners Holdings L.P. now owns 1,984,203 shares of the conglomerate’s stock valued at $27,441,000 after purchasing an additional 500,000 shares during the period. 30.40% of the stock is owned by institutional investors and hedge funds.

In related news, major shareholder Steel Partners Holdings L.P. sold 125,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $3.83, for a total value of $478,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 56.90% of the company’s stock.

Shares of SPLP traded up $0.05 during mid-day trading on Friday, reaching $12.95. The stock had a trading volume of 186 shares, compared to its average volume of 3,235. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 0.92. Steel Partners Holdings LP has a 52-week low of $12.75 and a 52-week high of $17.20. The business’s fifty day moving average is $13.30 and its 200 day moving average is $13.73.

Steel Partners (NYSE:SPLP) last announced its quarterly earnings data on Thursday, August 8th. The conglomerate reported $0.61 earnings per share (EPS) for the quarter. Steel Partners had a net margin of 0.01% and a return on equity of 0.03%. The firm had revenue of $414.20 million during the quarter.

Separately, ValuEngine raised shares of Steel Partners from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

About Steel Partners

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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