Steel Connect, Inc. (NASDAQ:STCN - Get Free Report) Director Steel Partners Holdings L.P. bought 18,605 shares of Steel Connect stock in a transaction dated Wednesday, April 10th. The stock was purchased at an average price of $8.93 per share, with a total value of $166,142.65. Following the purchase, the director now owns 88,147 shares in the company, valued at $787,152.71. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Steel Partners Holdings L.P. also recently made the following trade(s):
- On Friday, April 12th, Steel Partners Holdings L.P. acquired 6 shares of Steel Connect stock. The stock was purchased at an average price of $9.35 per share, with a total value of $56.10.
Steel Connect Trading Down 1.0 %
STCN stock opened at $9.82 on Thursday. The firm has a 50 day moving average of $8.96 and a 200-day moving average of $9.42. Steel Connect, Inc. has a 12 month low of $6.35 and a 12 month high of $12.48. The firm has a market capitalization of $61.77 million, a P/E ratio of 9.88 and a beta of 0.33.
Steel Connect (NASDAQ:STCN - Get Free Report) last announced its earnings results on Friday, March 15th. The technology company reported $0.18 earnings per share (EPS) for the quarter. Steel Connect had a net margin of 12.23% and a return on equity of 39.04%. The business had revenue of $43.05 million during the quarter.
Institutional Investors Weigh In On Steel Connect
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Several hedge funds have recently bought and sold shares of the stock. Gabelli Funds LLC lifted its position in Steel Connect by 2.2% during the first quarter. Gabelli Funds LLC now owns 2,912,910 shares of the technology company's stock valued at $3,321,000 after purchasing an additional 63,761 shares during the last quarter. Steel Partners Holdings L.P. lifted its position in Steel Connect by 0.9% during the fourth quarter. Steel Partners Holdings L.P. now owns 2,017,689 shares of the technology company's stock valued at $19,440,000 after purchasing an additional 18,261 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Steel Connect by 7.3% during the first quarter. Gamco Investors INC. ET AL now owns 1,059,800 shares of the technology company's stock valued at $1,208,000 after purchasing an additional 72,000 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Steel Connect by 43.4% in the 1st quarter. Bank of America Corp DE now owns 243,500 shares of the technology company's stock worth $314,000 after acquiring an additional 73,671 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Steel Connect by 6.0% in the 1st quarter. State Street Corp now owns 213,238 shares of the technology company's stock worth $275,000 after acquiring an additional 12,108 shares during the last quarter. 47.28% of the stock is currently owned by institutional investors.
About Steel Connect
(
Get Free Report)
Steel Connect, Inc, together with its subsidiaries, provides supply chain services in the United States, Mainland China, Netherlands, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services.
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