Steel Partners Ownership
| SPLPDelisted Stock | USD 37.00 0.00 0.00% |
Steel |
Steel OTC Stock Ownership Analysis
About 49.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.58. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Steel Partners Holdings recorded earning per share (EPS) of 11.38. The entity last dividend was issued on the 29th of December 2016. The firm had 1:12500 split on the 12th of January 2024. Steel Partners Holdings L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain management, logistics, banking, and youth sports businesses worldwide. The company was founded in 1990 and is based in New York, New York. Steel Partners operates under Conglomerates classification in the United States and is traded on New York Stock Exchange. It employs 4500 people.The quote for Steel Partners Holdings is listed on Over The Counter exchange (i.e., OTC), and the entity is not required to meet listing requirements such as those found on the Nasdaq, NYSE, or AMEX exchanges. To find out more about Steel Partners Holdings contact Warren Lichtenstein at 212 520 2300 or learn more at https://www.steelpartners.com.Steel Partners Holdings Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Steel Partners insiders, such as employees or executives, is commonly permitted as long as it does not rely on Steel Partners' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Steel Partners insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Rory Tahari over a year ago Acquisition by Rory Tahari of 522 shares of Steel Partners subject to Rule 16b-3 | ||
Joseph Martin over a year ago Disposition of 4296 shares by Joseph Martin of Steel Partners at 40.0 subject to Rule 16b-3 |
Steel Partners Outstanding Bonds
Steel Partners issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Steel Partners Holdings uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Steel bonds can be classified according to their maturity, which is the date when Steel Partners Holdings has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Pair Trading with Steel Partners
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Steel Partners position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Steel Partners will appreciate offsetting losses from the drop in the long position's value.Moving against Steel OTC Stock
| 0.83 | DY | Dycom Industries | PairCorr |
| 0.8 | AP | Ampco Pittsburgh | PairCorr |
| 0.8 | CW | Curtiss Wright | PairCorr |
| 0.77 | GE | GE Aerospace | PairCorr |
| 0.73 | CP | Canadian Pacific Railway | PairCorr |
The ability to find closely correlated positions to Steel Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steel Partners when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Steel Partners - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Steel Partners Holdings to buy it.
The correlation of Steel Partners is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Steel Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Partners Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Steel Partners can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in Steel OTC Stock
If you are still planning to invest in Steel Partners Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Steel Partners' history and understand the potential risks before investing.
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