Steel Partners Holdings L.P. (NYSE:SPLP) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. lessened its stake in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 89.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,482 shares of the conglomerate’s stock after selling 83,518 shares during the period. Teton Advisors Inc.’s holdings in Steel Partners were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SPLP. BNP Paribas Arbitrage SA acquired a new stake in Steel Partners in the 1st quarter valued at about $122,000. Advisory Services Network LLC acquired a new stake in shares of Steel Partners during the 1st quarter worth approximately $287,000. HighTower Advisors LLC increased its holdings in shares of Steel Partners by 3.1% during the 1st quarter. HighTower Advisors LLC now owns 19,047 shares of the conglomerate’s stock worth $792,000 after buying an additional 573 shares during the last quarter. Finally, Steel Partners Holdings L.P. increased its holdings in shares of Steel Partners by 1.1% during the 1st quarter. Steel Partners Holdings L.P. now owns 7,308,932 shares of the conglomerate’s stock worth $320,785,000 after buying an additional 80,840 shares during the last quarter. Institutional investors and hedge funds own 90.65% of the company’s stock.

Insider Buying and Selling

In related news, President Jack L. Howard sold 4,582 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $22.94, for a total transaction of $105,111.08. Following the completion of the transaction, the president now owns 124,607 shares of the company’s stock, valued at approximately $2,858,484.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Steel Partners news, President Jack L. Howard sold 4,582 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $22.94, for a total value of $105,111.08. Following the completion of the transaction, the president now owns 124,607 shares of the company’s stock, valued at approximately $2,858,484.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Jack L. Howard sold 4,412 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $23.00, for a total transaction of $101,476.00. Following the completion of the transaction, the president now directly owns 129,189 shares of the company’s stock, valued at approximately $2,971,347. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,984 shares of company stock valued at $390,599. Company insiders own 75.20% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Steel Partners in a report on Tuesday, November 14th. They set a “strong-buy” rating for the company.

Steel Partners Trading Down 1.9 %

Shares of NYSE:SPLP traded down $0.75 during mid-day trading on Friday, reaching $39.00. 2,320 shares of the company were exchanged, compared to its average volume of 1,034. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.20 and a quick ratio of 1.09. The firm has a market cap of $831.01 million, a price-to-earnings ratio of 5.21 and a beta of 1.33. The firm’s 50-day simple moving average is $42.16 and its 200 day simple moving average is $43.72. Steel Partners Holdings L.P. has a 1 year low of $37.50 and a 1 year high of $48.00.

About Steel Partners

Steel Partners Holdings L.P., together with 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.