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Total Shares Outstanding
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PE Ratio

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PB Ratio
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ROIC

Return on Aseets
Return on Equity
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Dividend Yield

Balancesheet Metrics

Total Assets	476.76M
Total Liability	82.45M
Assets-to-Libability Ratio	5.78

Total Current Assets	283.40M
Total Current Liability	66.38M
Current Ratio	4.27

Quick Ratio	4.14
Debt to Equity Ratio	-

Income Statement Metrics

Net Income
EPS
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Gross Profit
Gross Profit Margin
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Net Profit Margin

Price Metrics

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52 Weeks High
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News

STEEL PARTNERS HOLDINGS L.P. Reduces Stake in Aerojet Rocketdyne Holdings IncSTEEL PARTNERS HOLDINGS L.P. (Trades, Portfolio), a prominent investment firm, recently made a significant transaction in its portfolio. The firm reduced its stake in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD), a leading manufacturer of aerospace and defense products. This article will delve into t...
STEEL PARTNERS HOLDINGS L.P. (Trades, Portfolio), a prominent investment firm, recently made a significant transaction in its portfolio. The firm reduced its stake in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD), a leading manufacturer of aerospace and defense products. This article will delve into the details of the transaction, provide an overview of the guru and the traded company, and analyze the potential implications of this move for value investors. Details of the Transaction Warning! GuruFocus has detected 7 Warning Signs with AJRD. Click here to check it out. AJRD 30-Year Financial Data The intrinsic value of AJRD The transaction took place on July 26, 2023, with STEEL PARTNERS HOLDINGS L.P. (Trades, Portfolio) reducing its holdings in Aerojet Rocketdyne by 25.94%. This resulted in a decrease of 933,508 shares, leaving the firm with a total of 2,665,236 shares in the company. The transaction was executed at a price of $57.18 per share, and as of the current date, the stock price stands at $57.99, marking a gain of 1.42% since the transaction. The trade had a -9.69% impact on the guru's portfolio, and the current position of the traded stock in the guru's portfolio is 30.64%. Profile of the Guru STEEL PARTNERS HOLDINGS L.P. (Trades, Portfolio) is a renowned investment firm based in New York. The firm manages a total equity of $551 million and holds five stocks in its portfolio. Its top holdings include Steel Connect Inc(NASDAQ:STCN), Aerojet Rocketdyne Holdings Inc(NYSE:AJRD), The L S Starrett Co(NYSE:SCX), Steel Partners Holdings LP(NYSE:SPLP), and Whole Earth Brands Inc(NASDAQ:FREE). The firm is primarily invested in the Industrials and Communication Services sectors. STEEL PARTNERS HOLDINGS L.P. Reduces Stake in Aerojet Rocketdyne Holdings Inc Overview of Aerojet Rocketdyne Holdings Inc Aerojet Rocketdyne Holdings Inc, based in the USA, has been a key player in the aerospace and defense industry since its IPO in 1992. The company manufactures driving and launch systems for defense and space applications, weapons, and weapons systems for tactical missions. It operates in two segments: aerospace and defense, and real estate. The company's market capitalization stands at $4.68 billion. According to GuruFocus, the company is modestly overvalued with a GF Value of $48.62 and a Price to GF Value ratio of 1.19. The company's GF Score is 73/100, indicating good outperformance potential. Story continues STEEL PARTNERS HOLDINGS L.P. Reduces Stake in Aerojet Rocketdyne Holdings Inc Analysis of Aerojet Rocketdyne Holdings Inc.'s Financials Aerojet Rocketdyne Holdings Inc. has a PE ratio of 63.73. The company's balance sheet, profitability, and growth ranks are 7/10, 6/10, and 4/10 respectively. The company's cash to debt ratio is 0.82, ranking it 137th in the Aerospace & Defense industry. The company's ROE and ROA are 13.44 and 3.12 respectively, with ranks of 67 and 119 in the industry. Comparison with Other Gurus GAMCO Investors is the guru with the most shares in Aerojet Rocketdyne Holdings Inc. Other gurus who also hold the stock include First Eagle Investment (Trades, Portfolio). Conclusion In conclusion, STEEL PARTNERS HOLDINGS L.P. (Trades, Portfolio)'s recent transaction in Aerojet Rocketdyne Holdings Inc. represents a significant shift in its portfolio. The impact of this transaction on the guru's portfolio and the stock's performance will be closely watched by value investors. As always, investors are advised to conduct their own comprehensive analysis before making investment decisions. This article first appeared on GuruFocus.
AJRD FREE SCX SPLP-PA SPLP STCN | finance.yahoo | about 2 years ago | Neutral

Steel Partners and Steel Connect Close Exchange TransactionNEW YORK, May 01, 2023--(BUSINESS WIRE)--Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company ("Steel Partners") and Steel Connect, Inc. (NASDAQ: STCN) ("Steel Connect") today announced that Steel Partners and certain of its affiliates (the "Steel Partners Group") have tra...
NEW YORK, May 01, 2023--(BUSINESS WIRE)--Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company ("Steel Partners") and Steel Connect, Inc. (NASDAQ: STCN) ("Steel Connect") today announced that Steel Partners and certain of its affiliates (the "Steel Partners Group") have transferred certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the "Preferred Stock", and, such transfer and related transactions, the "Transaction"). Upon approval by the Steel Connect stockholders pursuant to NASDAQ Marketplace Rules, the Preferred Stock will be convertible into an aggregate of 184,891,318 shares of Steel Connect common stock, and will vote together with the Steel Connect common stock and participate in any dividends paid on the Steel Connect common stock, in each case on an as-converted basis. Upon conversion of the Preferred Stock, the Steel Partners Group would hold approximately 85.12% of the outstanding equity interests of Steel Connect. Steel Partners and certain of its affiliates which currently hold more than 50% of the voting power in Steel Connect have agreed to vote in favor of the stockholder proposal relating to the Preferred Stock. The purpose of the Transaction is to provide Steel Connect with access to approximately $200 million of new capital which will be used for working capital, complementary and strategic acquisitions and general corporate purposes. Steel Connect and Steel Partners also entered into a Stockholders’ Agreement on April 30, 2023 that includes, among other things, provisions relating to certain governance and voting matters following the closing of the Transaction. Steel Connect will call a stockholders’ meeting to consider and vote upon the rights of the Preferred Stock to vote and receive dividends together with the Steel Connect common stock on an as-converted basis and the issuance of Steel Connect common stock upon conversion of the Preferred Stock by the holders at their option (the "Stockholder Proposal"). Story continues Steel Connect’s Board of Directors, acting on the unanimous recommendation of the Strategic Planning Committee of the Board of Directors, approved the Transaction. The Steel Connect Board initiated a strategic alternatives process in January 2023 with the formation of a Strategic Planning Committee, comprised solely of independent and disinterested members of the Board. After careful consideration, the Strategic Planning Committee unanimously determined that the Transaction is in the best interests of Steel Connect and its stockholders. The Strategic Planning Committee exclusively negotiated the terms of the Transaction with Steel Partners, with the assistance of its independent legal counsel and financial advisor. Additional information regarding the securities described above and the terms of the Transaction are included in a Current Report on Form 8-K to be filed with the United States Securities and Exchange Commission ("SEC"). The Preferred Stock, and shares of common stock into which the shares of Preferred Stock are convertible, are being issued in reliance upon the exemption from the securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Advisors Houlihan Lokey is serving as the financial advisor to the Strategic Planning Committee of Steel Connect, and Imperial Capital is serving as the financial advisor to Steel Partners. Dentons US LLP is serving as legal counsel to the Strategic Planning Committee and White & Case LLP is serving as legal counsel to Steel Connect. Greenberg Traurig, LLP is serving as legal counsel to Steel Partners. About Steel Partners Holdings L.P. Steel Partners Holdings L.P. is a diversified global holding company that owns and operates businesses and has significant interests in leading companies in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking and youth sports. About Steel Connect, Inc. Steel Connect, Inc. is a holding company whose wholly-owned subsidiary, ModusLink Corporation, serves the supply chain management markets. Additional Information and Where to Find It This communication may be deemed to be solicitation material in respect of obtaining approval of the Stockholder Proposal (the "Stockholder Approval"). In connection with obtaining the Stockholder Approval, Steel Connect will file with the SEC and furnish to Steel Connect’s stockholders a proxy statement and other relevant documents. This communication does not constitute a solicitation of any vote or approval. BEFORE MAKING ANY VOTING DECISION, STEEL CONNECT’S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE STOCKHOLDER APPROVAL OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION. Investors will be able to obtain a free copy of the proxy statement, when available, and other relevant documents filed by Steel Connect with the SEC at the SEC’s website at www.sec.gov. In addition, investors may obtain a free copy of the proxy statement, when available, and other relevant documents from Steel Connect’s website at www.steelconnectinc.com or by directing a request to Steel Connect, Inc., Attn: Chief Financial Officer, 590 Madison Avenue, 32nd Floor, New York, New York 10022 or by calling (212) 520-2300. Participants in the Solicitation Steel Connect and its directors, executive officers and certain other members of management and employees of Steel Connect may be deemed to be "participants" in the solicitation of proxies from the stockholders of Steel Connect in connection with the Stockholder Approval. Information regarding the interests of the persons who may, under the rules of the SEC, be considered participants in the solicitation of the stockholders of Steel Connect in connection with the Stockholder Approval, which may be different than those of Steel Connect’s stockholders generally, will be set forth in the proxy statement and the other relevant documents to be filed with the SEC. Stockholders can find information about Steel Connect and its directors and executive officers and their ownership of Steel Connect’s Common Stock in Steel Connect’s Annual Report on Form 10-K, filed with the SEC on November 9, 2022, and amended on November 28, 2022, and additional information about the ownership of Steel Connect’s Common Stock by Steel Connect’s directors and executive officers is included in their Forms 3, 4 and 5 filed with the SEC. Forward-Looking Statements This communication contains certain forward-looking statements that involve a number of risks and uncertainties. This communication contains forward-looking statements related to Steel Connect, Steel Partners and the Transaction. Actual results and events in future periods may differ materially from those expressed or implied by these forward-looking statements because of a number of risks, uncertainties and other factors. All statements other than statements of historical fact, including statements containing the words "aim," "anticipate," "are confident," "estimate," "expect," "will be," "will continue," "will likely result," "project," "intend," "plan," "believe" and other words and terms of similar meaning, or the negative of these terms, are statements that could be deemed forward-looking statements. Risks, uncertainties and other factors include, but are not limited to: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the exchange agreement entered into in connection with the Transaction; (ii) the inability to complete the Transaction due to the failure to satisfy the conditions to completion of the Transaction; (iii) the value of the marketable securities being exchanged and the ability of Steel Connect to use such additional capital to satisfy its working capital needs and to implement its strategic objectives or and (iii) the outcome of any legal proceedings, regulatory proceedings or enforcement matters that may be instituted against Steel Partners and Steel Connect and others relating to the Transaction. Consider these factors carefully in evaluating the forward-looking statements. The forward-looking statements included in this press release are made only as of the date of this release, and except as otherwise required by federal securities law, neither Steel Partners nor Steel Connect assume any obligation nor do they intend to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances. View source version on businesswire.com: https://www.businesswire.com/news/home/20230501005281/en/ Contacts Jennifer Golembeske 212-520-2300
SPLP-PA SPLP STCN | finance.yahoo | about 2 years ago | Neutral

7 Stocks to Sell Right Now… and 1 to BuyOnce again, I drew the short (no pun intended) end of the stick and must discuss stocks to sell right now. Understandably a sensitive topic and one that arouses myriad emotions, I’m just going to stick with the hard numbers. Whether you agree or not is more of a tertiary issue. Primarily, it’s vital...
Once again, I drew the short (no pun intended) end of the stick and must discuss stocks to sell right now. Understandably a sensitive topic and one that arouses myriad emotions, I’m just going to stick with the hard numbers. Whether you agree or not is more of a tertiary issue. Primarily, it’s vital that you at least recognize the obstacles with these investments. To be clear, this list of stocks to sell will not impugn the core narrative of the underlying companies. Frankly, virtually every capitalist enterprise got the raw end of the deal during the coronavirus pandemic. With the Federal Reserve aiming to cut down inflation by effectively shrinking the money supply to rapidly rising global recession fears, investors, unfortunately, own many reasons to exit their positions. The harsh reality is that these stocks to sell find themselves more vulnerable than others. So, below are the names to watch out for. InvestorPlace - Stock Market News, Stock Advice & Trading Tips PBIO Pressure Biosciences $1.27 INTZ Intrusion $3.09 STCN Steel Connect $1.14 AUMN Golden Minerals $0.25 CLVS Clovis Oncology $0.35 ACFN Acorn Energy $0.40 LEDS Semileds Corp. $2.43 BNTX BioNTech $165.74 Pressure BioSciences (PBIO) Doctor or physician calculating a patients medical bills at a desk. Medical bills, health costs, health expenses. Source: THICHA SATAPITANON / Shutterstock Based out of Massachusetts, Pressure BioSciences (OTCMKTS:PBIO) is a leader in the development and sales of innovative, enabling, pressure-based platform solutions for the worldwide life sciences industry. Some of its applications include bio-therapeutics characterization, soil and plant biology, vaccine development, and counter-bioterror protocols. Though innovative, Pressure BioSciences, unfortunately, failed to capture investors’ attention. For one thing, on a year-to-date basis, PBIO dropped over 46% of its equity value. Further, in the trailing month, PBIO shed 3.5%, which is problematic since many publicly traded securities enjoyed a boost recently. As an example, the benchmark S&P 500 gained 6% in the trailing month. Story continues Financially, the company presents high risks. Most worrisome in my view, the company’s cash-to-debt ratio sits at 0.01 times, worse than 99% of the underlying sector. As well, its three-year revenue growth rate (on a per-share basis) fell into negative territory. Frankly, it’s too much of a mess, making it one of the stocks to sell. Intrusion (INTZ) internet security and data protection concept, blockchain and cybersecurity Source: Song_about_summer / Shutterstock As its name implies, Intrusion (NASDAQ:INTZ) provides security software solutions. Specifically, Intrusion offers real-time network monitoring to protect from zero-day, malware-free, and other contemporary attacks. Fundamentally, INTZ should garner plenty of positive attention. In 2021, for instance, the average number of cyberattacks and data breaches increased by 15.1% from the prior year. Therefore, against a cynical backdrop, Intrusion enjoys a large (and expanding) total addressable market. To be sure, INTZ represented one of the stocks in the black this year. However, recent volatility saw shares succumb to a performance nearly 11% below parity. Sadly, one of the distracting factors centers on its balance sheet. With an Altman Z-Score in the red to the tune of 11 points, Intrusion represents a deeply distressed business. It also means the company faces possible bankruptcy risk in the next two years. If that wasn’t enough, INTZ is expensive based on a price-to-sales ratio of 8.5 times. This ranks worse than nearly 84% of the competition, making INTZ one of the stocks to sell. Steel Connect (STCN) APPS stock: A digital illustration of software icons surrounding a cellphone. Source: Shutterstock Operating out of Massachusetts, Steel Connect (NASDAQ:STCN) provides supply chain management services to software companies. Specifically, Steel Connect commands a wholly owned subsidiary called ModusLink, which provides supply chain solutions for the world’s top brands across a diverse range of industries. These include consumer electronics, packaged goods, and computing and storage. Unfortunately, the erosion of consumer sentiment both here and abroad contributed to decelerated demand profiles. Some of the worst-hit sectors, such as consumer electronics, represent one of the go-to clients for Steel Connect. Moreover, a proposed merger deal fell through, resulting in a severe decline in STCN. Frankly, just this news alone may be worth justifying its inclusion on a list of stocks to sell. Financially, Steel Connect faces significant margin pressures, leading to a deeply negative return on equity. As well, its crimson-stained Altman Z-Score reflects an extremely distressed business. It’s just time for most investors to walk away. Golden Minerals (AUMN) A photo of a gold nugget on a table, being picked up by tweezers, with more gold behind it. Source: aerogondo2 / Shutterstock.com Based in Golden, Colorado, Golden Minerals (NYSEAMERICAN:AUMN) is a junior mining firm specializing in gold and silver. It has one operating mine in Mexico and a pipeline of development and exploration projects in Mexico, Argentina, and Nevada. Fundamentally, the Fed’s tightening of liquidity ordinarily reflects problems for commodities-based enterprises. Essentially, as cash becomes more valuable, commodities decline in price. However, in recent sessions, the gold price broadly swung higher, likely due to the fear trade. Unfortunately, this dynamic provided little comfort to AUMN, with shares dropping 30% YTD. Per Gurufocus.com, what investors need to watch out for is that Golden Minerals may be a value trap. While shares may look like they’re discounted, the company suffers from margin pressures. Further, even with strong revenue growth over the last three years, AUMN remains overvalued. For instance, its price-to-book ratio is 4 times, worse than nearly 81% of the competition. With superior alternatives available, AUMN will likely be one of the stocks to sell for anyone that’s not a hardened gambler. Clovis Oncology (CLVS) Brown glass pill bottle on its side showing white pills inside, with other pill bottles behind it representing MACK stock. Source: shutterstock.com/Champhei Headquartered in Boulder, Colorado, Clovis Oncology (NASDAQ:CLVS) is an American pharmaceutical company that mainly markets products for treatment in oncology. Like any other pharma actively pursuing therapies for the world’s most dreaded diseases and conditions, I have nothing but respect for the science undergirding Clovis. However, the investment proposition simply rates it as too dangerous. That’s not my assessment. According to Benzinga, Clovis stands on the precipice as bankruptcy looms. Based on its current cash position along with revenue projections for its therapeutic pipeline, “the company will not have sufficient liquidity to maintain operations beyond January 2023.” As if to stress the point, CLVS hemorrhaged over 71% of equity value in the trailing month. Now, to be fair, in the meme-ish world we live in, speculators piled into Clovis recently. Over the trailing five days, CLVS gained 26%. However, the longer-term assessment still rates as poor. Therefore, CLVS is one of the stocks to sell. Acorn Energy (ACFN) electricity pylons and lines at dusk Source: snvv18870020330 / Shutterstock.com Based in Delaware, Acorn Energy (OTCMKTS:ACFN) invests in electricity generation and security. Specifically, the company provides remote monitoring and control systems and services for generators, pipelines, and other industrial assets through its OmniMetrix subsidiary. While the underlying market such as applications tied to the Internet of Things offers much relevance, ACFN hasn’t translated this into a strong performance this year. Since the January opener, ACFN finds itself down almost 37%. In the trailing month, shares lost more than 2% of equity value. Unfortunately, then, the company failed to capitalize on the near-term momentum that boosted the wider equities sector. Against the financials, ACFN ranks among the stocks to sell because of viability concerns. For instance, the company’s Altman Z-Score sits 22 points below parity, indicating severe distress. It too can potentially suffer bankruptcy risk in the next two years. Combined with negative trending revenue, profit margins, and return on asset (reflecting a poor-quality business), ACFN is for professional speculators. SemiLEDS (LEDS) An image of a money bomb with a spark on the end of its string. Source: Shutterstock Based in Taiwan, SemiLEDS (NASDAQ:LEDS) is a light-emitting diode (LED) semiconductor manufacturer. Although a relevant player in any other market cycle, the woes of the new normal have been particularly rough on LEDS stock. From global supply chain disruptions to demand erosion for products utilizing advanced semiconductors, SemiLEDS dropped 49% YTD in the charts. In the trailing month, shares also declined to the tune of 1.6%, meaning that the underlying firm failed to capture positive momentum at a time when the major equity indices swung higher. Further, a mixed-bag earnings report for the company’s fiscal Q4 results didn’t help. Though revenue and operating margins improved on a year-over-year basis, they both slipped sequentially against the prior quarter. Against the bigger picture, LEDS rates as one of the stocks to sell because of concerns centered on its balance sheet. Specifically, its Altman Z-Score sits over 15 points below parity, reflecting a deeply distressed business. BioNTech (BNTX) A businessman ripping his shirt off to reveal an upward green arrow with the word buy on it underneath Source: ImageFlow/Shutterstock.com Let’s end on an encouraging note with one stock to buy. For this, I’m going to elect the biotechnology firm BioNTech (NASDAQ:BNTX). Initially, the company rose to prominence because of helping to pioneer a novel vaccine for the SARS-CoV-2 virus. However, with fears of Covid-19 fading throughout this year, BNTX lost much of its relevance. However, that relevance stormed back lately, with Covid cases rising again. For instance, BioNTech’s vaccine received the green light to be made available to foreign residents living in China. In addition, if Covid outbreaks continue to disrupt international commerce, BNTX could enjoy a possible demand boost. Although BioNTech endured choppy weather throughout the new normal, the company overall remains a compelling buy. Financially, it enjoys myriad strong points, including a stable, cash-rich balance sheet and outstanding revenue and profitability metrics. As well, the market prices BNTX at less than 4-times TTM earnings. It’s probably a steal for forward-looking investors. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 or $5 million. Do this now. The post 7 Stocks to Sell Right Now… and 1 to Buy appeared first on InvestorPlace.
ACFN AUMN BNTX CLVS INTZ LEDS PBIO STCN | finance.yahoo | about 3 years ago | Neutral

Steel Partners and Steel Connect Announce Termination of MergerNEW YORK & SMYRNA, Tenn., November 15, 2022--(BUSINESS WIRE)--Steel Connect, Inc. (NASDAQ: STCN), a holding company (the "Company" or "Steel Connect"), announced today that Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company ("Parent" or "Steel Partners") has terminated t...
NEW YORK & SMYRNA, Tenn., November 15, 2022--(BUSINESS WIRE)--Steel Connect, Inc. (NASDAQ: STCN), a holding company (the "Company" or "Steel Connect"), announced today that Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company ("Parent" or "Steel Partners") has terminated the merger agreement (the "Merger Agreement") among Company, Parent and SP Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub" and, together with Parent, the "Parent Parties"), dated June 12, 2022, pursuant to which Steel Partners would have acquired all of the common stock of Steel Connect not already owned by the Parent Parties (the "Merger"). The Merger Agreement was terminated by Parent following the failure to approve the Merger by a majority of the outstanding shares of common stock of the Company not owned, directly or indirectly, by the Parent Parties, any other officers or directors of the Company or any other person having any equity interest in, or any right to acquire any equity interest in, Merger Sub or any person of which Merger Sub is a direct or indirect subsidiary, as required pursuant to the terms of the Merger Agreement. As a result of the termination, Steel Connect will not become a wholly owned subsidiary of Steel Partners and will remain a publicly traded company on NASDAQ under the symbol "STCN". Final results for the annual meeting of the stockholders of the Company will be made available in the Company’s filings with the U.S. Securities and Exchange Commission. About Steel Partners Holdings L.P. Steel Partners Holdings L.P. is a diversified global holding company that owns and operates businesses and has significant interests in leading companies in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking and youth sports. About Steel Connect, Inc. Steel Connect, Inc. is a holding company with a wholly owned subsidiary, ModusLink Corporation, which serves the supply chain management markets. Story continues View source version on businesswire.com: https://www.businesswire.com/news/home/20221115006442/en/ Contacts INVESTOR: Steel Partners Holdings L.P. jgolembeske@steelpartners.com or (212) 520-2300 Steel Connect, Inc. investorrelations@steelconnectinc.com or (914) 461-1276
SPLP-PA SPLP STCN | finance.yahoo | about 3 years ago | Neutral

INVESTIGATION NOTICE: Halper Sadeh LLP Investigates STCN, RADA, GRRB, HRNEW YORK, June 23, 2022 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Steel Connect, Inc. (NASDAQ: STCN)’s sale to...
NEW YORK, June 23, 2022 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Steel Connect, Inc. (NASDAQ: STCN)’s sale to Steel Partners Holdings L.P. Under the terms of the agreement, Steel Connect shareholders would receive $1.35 per share in cash and one contingent value right to receive their pro rata share of net proceeds, to the extent such net proceeds exceed $80 million plus certain related costs and expenses, if Steel Connect’s ModusLink subsidiary is sold during the two-year period following completion of the proposed merger. If you are a Steel Connect shareholder, click here to learn more about your rights and options. RADA Electronic Industries Ltd. (NASDAQ: RADA)’s merger with Leonardo DRS Inc. If you are a RADA shareholder, click here to learn more about your rights and options. GrandSouth Bancorporation (OTC: GRRB)’s sale to First Bancorp for 0.910 shares of First Bancorp common stock for each share of GrandSouth common and preferred stock. If you are a GrandSouth shareholder, click here to learn more about your rights and options. Healthcare Realty Trust Inc. (NYSE: HR)’s merger with Healthcare Trust of America, Inc. If you are a Healthcare Realty shareholder, click here to learn more about your rights and options. Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com. Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Halper Sadeh LLP Daniel Sadeh, Esq. Zachary Halper, Esq. (212) 763-0060 sadeh@halpersadeh.com zhalper@halpersadeh.com https://www.halpersadeh.com
HR RADA STCN | globenewswire | about 3 years ago | Neutral

STEEL CONNECT INVESTIGATION REMINDER: Scott+Scott Attorneys at Law LLP Investigates Steel Partners Buyout of Steel Connect – STCN, SPLPNEW YORK, June 22, 2022 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, reminds investors that it is investigating whether the directors of Steel Connect, Inc. (“Steel Connect”) (NASDAQ: STCN) breached their fid...
NEW YORK, June 22, 2022 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, reminds investors that it is investigating whether the directors of Steel Connect, Inc. (“Steel Connect”) (NASDAQ: STCN) breached their fiduciary duties to its shareholders in approving a merger with Steel Partners Holdings L.P. (“Steel Partners”) (NYSE: SPLP), for inadequate consideration. If you are a Steel Connect shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982, or jpettigrew@scott-scott.com. Scott+Scott is investigating whether Steel Connect’s board of directors failed to maximize the value of Steel Connect for the benefit of Steel Connect’s shareholders in connection with its announced merger with Steel Partners, in breach of their fiduciary duties to Steel Connect’s shareholders, and whether Steel Connect’s shareholders have suffered damages as a result. On June 13, 2022, Steel Connect announced it had reached an agreement to be bought out by Steel Partners for $1.35 per share plus one contingent value right to receive their pro rata share of any net proceeds in excess of $80 million, plus certain related costs and expenses, if Steel Connect’s ModusLink subsidiary is sold during the two-year period following completion of the merger. The transaction is valued at approximately $81 million. What You Can Do If you are a Steel Connect shareholder, you may have legal claims against Steel Connect’s directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or jpettigrew@scott-scott.com. About Scott+Scott Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio. Attorney Advertising CONTACT: Joe Pettigrew Scott+Scott Attorneys at Law LLP 600 W. Broadway, Suite 3300, San Diego, CA 92101 844-818-6982 jpettigrew@scott-scott.com
SPLP STCN | globenewswire | about 3 years ago | Neutral

INVESTIGATION ALERT: Halper Sadeh LLP Investigates DRE, ELSE, STCN, PLDNEW YORK, June 16, 2022 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Duke Realty Corporation (NYSE: DRE)’s sale t...
NEW YORK, June 16, 2022 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Duke Realty Corporation (NYSE: DRE)’s sale to Prologis, Inc. for 0.475x of a Prologis share for each Duke Realty share. If you are a Duke Realty shareholder, click here to learn more about your rights and options. Electro-Sensors, Inc. (NASDAQ: ELSE)’s merger with Mobile X Global, Inc. If you are an Electro-Sensors shareholder, click here to learn more about your rights and options. Steel Connect, Inc. (NASDAQ: STCN)’s sale to Steel Partners Holdings L.P. Under the terms of the agreement, Steel Connect shareholders would receive $1.35 per share in cash and one contingent value right to receive their pro rata share of net proceeds, to the extent such net proceeds exceed $80 million plus certain related costs and expenses, if Steel Connect’s ModusLink subsidiary is sold during the two-year period following completion of the proposed merger. If you are a Steel Connect shareholder, click here to learn more about your rights and options. Prologis, Inc. (NYSE: PLD)’s merger with Duke Realty Corporation. If you are a Prologis shareholder, click here to learn more about your rights and options. Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com. Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Halper Sadeh LLP Daniel Sadeh, Esq. Zachary Halper, Esq. (212) 763-0060 sadeh@halpersadeh.com zhalper@halpersadeh.com https://www.halpersadeh.com
DRE ELSE PLD STCN | globenewswire | about 3 years ago | Neutral

STEEL CONNECT ALERT: Bragar Eagel & Squire, P.C. Investigates Merger of STCN and Encourages Investors to Contact the FirmNEW YORK, June 13, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Steel Connect, Inc. (NASDAQ: STCN) (“Steel Connect”) breached their fiduciary duties or violated the...
NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Steel Connect, Inc. (NASDAQ: STCN) (“Steel Connect”) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Steel Partners Holdings L.P. (NYSE: SPLP) (“Steel Partners”). Click here to learn more and participate in the action. On June 13, 2022, Steel Connect announced that it had entered into an agreement to be acquired by Steel Partners in a cash deal. Pursuant to the merger agreement, Steel Partners will pay $1.35 per share in cash and issue one contingent value right (“CVR”) to receive their pro rata share of net proceeds, to the extent such net proceeds exceed $80 million plus certain related costs and expenses, if Steel Connect’s ModusLink subsidiary is sold during the two-year period following completion of the merger. The deal is scheduled to close in the second half of 2022. Bragar Eagel & Squire is concerned that Steel Connect’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Steel Connect’s stockholders. If you own shares of Steel Connect’s and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato by email at mergers@bespc.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Information: Bragar Eagel & Squire, P.C. Melissa Fortunato, Esq. mergers@bespc.com www.bespc.com
SPLP STCN | globenewswire | about 3 years ago | Neutral

Steel Partners and Steel Connect Enter Into Definitive Merger AgreementNEW YORK & SMYRNA, Tenn., June 13, 2022--(BUSINESS WIRE)--Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company ("Steel Partners") and Steel Connect, Inc. (NASDAQ: STCN) ("Steel Connect") today announced that they have signed a definitive merger agreement pursuant to which ...
NEW YORK & SMYRNA, Tenn., June 13, 2022--(BUSINESS WIRE)--Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company ("Steel Partners") and Steel Connect, Inc. (NASDAQ: STCN) ("Steel Connect") today announced that they have signed a definitive merger agreement pursuant to which Steel Partners will acquire the remaining common stock of Steel Connect issued and outstanding immediately prior to the effective time of the merger. The holders of Steel Connect’s outstanding shares of common stock will receive US $1.35 per share in cash and one contingent value right ("CVR") to receive their pro rata share of net proceeds, to the extent such net proceeds exceed $80 million plus certain related costs and expenses, if Steel Connect’s ModusLink subsidiary is sold during the two-year period following completion of the merger. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220613005334/en/ Steel Connect’s Board of Directors, acting on the unanimous recommendation of the special committee of the Board of Directors (the "Special Committee"), and the Board of Directors of Steel Partners’ General Partner approved the merger agreement and the transactions contemplated by the merger agreement and resolved to recommend the stockholders adopt the merger agreement and approve the transactions contemplated by the merger agreement.The Special Committee, which is comprised solely of independent and disinterested directors of Steel Connect who are unaffiliated with Steel Partners, exclusively negotiated the terms of the merger agreement with Steel Partners, with the assistance of its independent financial and legal advisors. Upon closing of the merger, Steel Connect will become a wholly owned subsidiary of Steel Partners. The merger is subject to approval by Steel Connect’s stockholders, as well as certain other customary closing conditions. The merger is not subject to a financing condition, and is expected to occur in the second half of 2022. Steel Connect will call a meeting of its stockholders for the purpose of voting on the adoption of the merger agreement in due course. Story continues The merger agreement includes a "go-shop" period that expires at 11:59 p.m. Eastern time on July 12, 2022, during which Steel Connect may actively solicit and consider alternative acquisition proposals. There can be no assurances that the "go-shop" process will result in a superior proposal, and Steel Connect does not intend to communicate developments regarding the process unless and until Steel Connect determines that additional disclosure is required or desirable. Advisors Houlihan Lokey is serving as the financial advisor to the Special Committee of Steel Connect, and Imperial Capital is serving as the financial advisor to Steel Partners. Dentons US LLP is serving as legal counsel to the Special Committee and White & Case LLP is serving as legal counsel to Steel Connect. Greenberg Traurig, LLP is serving as legal counsel to Steel Partners. About Steel Partners Holdings L.P. Steel Partners Holdings L.P. is a diversified global holding company that owns and operates businesses and has significant interests in leading companies in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking and youth sports. About Steel Connect, Inc. Steel Connect, Inc. is a holding company whose wholly-owned subsidiary, ModusLink Corporation, serves the supply chain management markets. Additional Information and Where to Find It This communication may be deemed to be solicitation material in respect of the proposed acquisition of Steel Connect by Steel Partners and their respective affiliates. In connection with the proposed merger, Steel Connect will file with the SEC and furnish to Steel Connect’s stockholders a proxy statement and other relevant documents. This communication does not constitute a solicitation of any vote or approval. BEFORE MAKING ANY VOTING DECISION, STEEL CONNECT’S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Investors will be able to obtain a free copy of the proxy statement, when available, and other relevant documents filed by Steel Connect with the SEC at the SEC’s website at www.sec.gov. In addition, investors may obtain a free copy of the proxy statement, when available, and other relevant documents from Steel Connect’s website at www.steelconnectinc.com or by directing a request to Steel Connect, Inc., Attn: Chief Financial Officer, 2000 Midway Lane, Smyrna, Tennessee 37167 or by calling (914) 461-1276. Participants in the Solicitation Steel Connect and its directors, executive officers and certain other members of management and employees of Steel Connect may be deemed to be "participants" in the solicitation of proxies from the stockholders of Steel Connect in connection with the proposed merger. Information regarding the interests of the persons who may, under the rules of the SEC, be considered participants in the solicitation of the stockholders of Steel Connect in connection with the proposed merger, which may be different than those of Steel Connect’s stockholders generally, will be set forth in the proxy statement and the other relevant documents to be filed with the SEC. Stockholders can find information about Steel Connect and its directors and executive officers and their ownership of Steel Connect’s Common Stock in Steel Connect’s Annual Report on Form 10-K, filed with the SEC on October 29, 2021, and amended on November 30, 2021, and additional information about the ownership of Steel Connect’s Common Stock by Steel Connect’s directors and executive officers is included in their Forms 3, 4 and 5 filed with the SEC. Forward-Looking Statements This communication contains certain forward-looking statements that involve a number of risks and uncertainties. This communication contains forward-looking statements related to Steel Connect, Steel Partners and the proposed acquisition of Steel Connect by Steel Partners and their respective affiliates. Actual results and events in future periods may differ materially from those expressed or implied by these forward-looking statements because of a number of risks, uncertainties and other factors. All statements other than statements of historical fact, including statements containing the words "aim," "anticipate," "are confident," "estimate," "expect," "will be," "will continue," "will likely result," "project," "intend," "plan," "believe" and other words and terms of similar meaning, or the negative of these terms, are statements that could be deemed forward-looking statements. Risks, uncertainties and other factors include, but are not limited to: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (ii) the inability to complete the proposed merger due to the failure to obtain stockholder approval for the proposed merger or the failure to satisfy other conditions to completion of the proposed merger; (iii) the failure of the proposed merger to close for any other reason; (iv) risks related to disruption of management’s attention from Steel Partners’ and Steel Connect’s ongoing business operations due to the transaction; (v) the outcome of any legal proceedings, regulatory proceedings or enforcement matters that may be instituted against Steel Partners and Steel Connect and others relating to the merger agreement; (vi) the risk that the pendency of the proposed merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the pendency of the proposed merger; (vii) the effect of the announcement of the proposed merger on Steel Partners’ relationships with its customers, operating results and business generally; and (viii) the amount of the costs, fees, expenses and charges related to the proposed merger. Consider these factors carefully in evaluating the forward-looking statements. The forward-looking statements included in this press release are made only as of the date of this release, and except as otherwise required by federal securities law, neither Steel Partners nor Steel Connect assume any obligation nor do they intend to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances. View source version on businesswire.com: https://www.businesswire.com/news/home/20220613005334/en/ Contacts Jennifer Golembeske 212-520-2300 https://www.steelpartners.com/
SPLP-PA SPLP STCN | finance.yahoo | about 3 years ago | Neutral

Defender Capital, LLC. Buys Landec Corp, Mirion Technologies Inc, Altria Group Inc, Sells ...Investment company Defender Capital, LLC. (Current Portfolio) buys Landec Corp, Mirion Technologies Inc, Altria Group Inc, Apple Inc, JPMorgan Chase, sells Nuance Communications Inc, Invesco Dynamic Software ETF, Viasat Inc during the 3-months ended 2021Q4, according to the most recent filings of th...
Investment company Defender Capital, LLC. (Current Portfolio) buys Landec Corp, Mirion Technologies Inc, Altria Group Inc, Apple Inc, JPMorgan Chase, sells Nuance Communications Inc, Invesco Dynamic Software ETF, Viasat Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Defender Capital, LLC.. As of 2021Q4, Defender Capital, LLC. owns 43 stocks with a total value of $312 million. These are the details of the buys and sells. New Purchases: MIR, MO, JPM, CSX, JNJ, MRNA, Added Positions: STAA, LNDC, AXON, TDY, BRK.B, OCX, LCTX, AAPL, INTC, PFE, AMWL, BE, STCN, ATNX, ITEQ, Reduced Positions: NUAN, COST, CFX, VSAT, CGEN, INO, MSFT, RUN, PLTR, CSCO, Sold Out: PSJ, Warning! GuruFocus has detected 9 Warning Signs with LNDC. Click here to check it out. LNDC 15-Year Financial Data The intrinsic value of LNDC Peter Lynch Chart of LNDC For the details of Defender Capital, LLC.'s stock buys and sells, go to https://www.gurufocus.com/guru/defender+capital%2C+llc./current-portfolio/portfolio These are the top 5 holdings of Defender Capital, LLC. Danaher Corp (DHR) - 149,732 shares, 15.79% of the total portfolio. Shares added by 0.75% Vanguard Short-Term Government Bond ETF (VGSH) - 713,696 shares, 13.92% of the total portfolio. Shares reduced by 0.12% Berkshire Hathaway Inc (BRK.B) - 139,862 shares, 13.40% of the total portfolio. Shares added by 1.40% Fortive Corp (FTV) - 451,291 shares, 11.04% of the total portfolio. Shares added by 0.32% Staar Surgical Co (STAA) - 267,792 shares, 7.84% of the total portfolio. Shares added by 7.18% New Purchase: Mirion Technologies Inc (MIR) Defender Capital, LLC. initiated holding in Mirion Technologies Inc. The purchase prices were between $9.84 and $11.76, with an estimated average price of $10.74. The stock is now traded at around $8.640000. The impact to a portfolio due to this purchase was 0.22%. The holding were 60,000 shares as of 2021-12-31. New Purchase: Altria Group Inc (MO) Story continues Defender Capital, LLC. initiated holding in Altria Group Inc. The purchase prices were between $42.64 and $48.7, with an estimated average price of $45.81. The stock is now traded at around $50.485000. The impact to a portfolio due to this purchase was 0.09%. The holding were 6,086 shares as of 2021-12-31. New Purchase: JPMorgan Chase & Co (JPM) Defender Capital, LLC. initiated holding in JPMorgan Chase & Co. The purchase prices were between $153.94 and $171.78, with an estimated average price of $164.11. The stock is now traded at around $149.783000. The impact to a portfolio due to this purchase was 0.09%. The holding were 1,849 shares as of 2021-12-31. New Purchase: Moderna Inc (MRNA) Defender Capital, LLC. initiated holding in Moderna Inc. The purchase prices were between $225.82 and $368.51, with an estimated average price of $290.69. The stock is now traded at around $173.490100. The impact to a portfolio due to this purchase was 0.08%. The holding were 1,000 shares as of 2021-12-31. New Purchase: CSX Corp (CSX) Defender Capital, LLC. initiated holding in CSX Corp. The purchase prices were between $30.51 and $37.6, with an estimated average price of $35.38. The stock is now traded at around $34.410000. The impact to a portfolio due to this purchase was 0.08%. The holding were 6,910 shares as of 2021-12-31. New Purchase: Johnson & Johnson (JNJ) Defender Capital, LLC. initiated holding in Johnson & Johnson. The purchase prices were between $155.93 and $173.01, with an estimated average price of $163.78. The stock is now traded at around $169.770000. The impact to a portfolio due to this purchase was 0.08%. The holding were 1,366 shares as of 2021-12-31. Added: Landec Corp (LNDC) Defender Capital, LLC. added to a holding in Landec Corp by 110.75%. The purchase prices were between $7.95 and $11.24, with an estimated average price of $9.72. The stock is now traded at around $10.930000. The impact to a portfolio due to this purchase was 0.24%. The holding were 126,450 shares as of 2021-12-31. Added: Apple Inc (AAPL) Defender Capital, LLC. added to a holding in Apple Inc by 23.31%. The purchase prices were between $139.14 and $180.33, with an estimated average price of $158.61. The stock is now traded at around $173.290000. The impact to a portfolio due to this purchase was 0.09%. The holding were 8,014 shares as of 2021-12-31. Added: American Well Corp (AMWL) Defender Capital, LLC. added to a holding in American Well Corp by 23.11%. The purchase prices were between $5.72 and $9.56, with an estimated average price of $7.57. The stock is now traded at around $4.835000. The impact to a portfolio due to this purchase was 0.05%. The holding were 150,225 shares as of 2021-12-31. Added: Pfizer Inc (PFE) Defender Capital, LLC. added to a holding in Pfizer Inc by 26.34%. The purchase prices were between $41.32 and $61.25, with an estimated average price of $49.81. The stock is now traded at around $52.525000. The impact to a portfolio due to this purchase was 0.05%. The holding were 12,935 shares as of 2021-12-31. Added: Bloom Energy Corp (BE) Defender Capital, LLC. added to a holding in Bloom Energy Corp by 33.33%. The purchase prices were between $16.91 and $35.56, with an estimated average price of $25.39. The stock is now traded at around $15.420000. The impact to a portfolio due to this purchase was 0.04%. The holding were 20,000 shares as of 2021-12-31. Added: Steel Connect Inc (STCN) Defender Capital, LLC. added to a holding in Steel Connect Inc by 28.33%. The purchase prices were between $1.31 and $2.4, with an estimated average price of $1.76. The stock is now traded at around $1.140000. The impact to a portfolio due to this purchase was 0.01%. The holding were 115,500 shares as of 2021-12-31. Sold Out: Invesco Dynamic Software ETF (PSJ) Defender Capital, LLC. sold out a holding in Invesco Dynamic Software ETF. The sale prices were between $123.45 and $146.38, with an estimated average price of $135.76. Here is the complete portfolio of Defender Capital, LLC.. Also check out: 1. Defender Capital, LLC.'s Undervalued Stocks 2. Defender Capital, LLC.'s Top Growth Companies, and 3. Defender Capital, LLC.'s High Yield stocks 4. Stocks that Defender Capital, LLC. keeps buyingThis article first appeared on GuruFocus.
AAPL AMWL BE CSX | finance.yahoo | about 4 years ago | Neutral

Profile

Steel Connect Inc (STCN)

Steel Connect, Inc., together with its subsidiaries, provides supply chain services in the United States, Mainland China, the Netherlands, Singapore, the Czech Republic, 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. The company provides fulfillment services comprising order management, pick, pack and ship, retail compliance, and demand planning services; and reverse logistics services that simplifies the returns process for retailers and manufacturers, as well as operates a cloud-based e-commerce platform. In addition, it offers warehousing and inventory management services; and software licenses, maintenance, and support services. Further, the company offers its supply chain services to customers in various markets, such as consumer electronics, telecommunications, computing and storage, software and content, consumer packaged goods, health and personal care products, retail and luxury, and connected devices. The company was formerly known as ModusLink Global Solutions, Inc. and changed its name to Steel Connect, Inc. in February 2018. Steel Connect, Inc. was incorporated in 1986 and is headquartered in New York, New York.

Exchange: NASDAQ

IPO Date: 1/25/1994

Sector: Industrials

Industry: Integrated Freight & Logistics

Employees: 939

Address: 590 Madison Avenue, New York, NY, United States, 10022

https://www.steelconnectinc.com

Quarterly Yearly

&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;	10/31/2024	07/31/2024	04/30/2024	01/31/2024	10/31/2023	07/31/2023	04/30/2023	01/31/2023	10/31/2022	07/31/2022	Totals
	10/31/2024	07/31/2024	04/30/2024	01/31/2024	10/31/2023	07/31/2023	04/30/2023	01/31/2023	10/31/2022	07/31/2022	Totals
Assets	476.76K	485.63K	485.46K	412.71K	411.18K	411.18K	150.94K	156.11K	137.75K	137.75K	22.25M
Current Assets	283.40K	295.83K	314.45K	321.37K	319.27K	319.27K	114.75K	118.10K	109.83K	109.83K	11.81M
Cash And Short Term Investments	233.93K	-	269.24K	276.42K	121.37K	-	62.74K	62.43K	53.14K	-	4.96M
Net Receivables	34.54K	33.44K	32.16K	29.55K	183.12K	28.62K	36.95K	37.18K	40.08K	40.45K	4.00M
Inventory	8.67K	6.73K	7.47K	7.74K	8.57K	8.57K	6.92K	8.92K	8.15K	8.15K	1.27M
Other Current Assets	6.26K	2.04K	8.03K	12.84K	1.97K	1.97K	4.99K	5.22K	8.45K	4.90K	996.23K
Non Current Assets	193.36K	189.80K	171.01K	91.34K	91.91K	91.91K	36.19K	38.01K	27.92K	27.92K	10.43M
Property Plant Equipment	-	-	-	-	-	-	3.40K	3.49K	3.53K	23.19K	2.03M
Long Term Investments	-	41.38K	14.29K	3.17K	3.44K	-	-	-	-	-	93.12K
Non Currrent Assets Other	2.76K	3.09K	2.88K	3.32K	3.74K	3.74K	3.90K	3.98K	4.73K	4.73K	346.21K
Liabilities	82.45K	93.71K	99.15K	97.62K	104.82K	104.82K	118.65K	125.69K	111.78K	111.78K	16.10M
Current Liabilities	66.38K	75.06K	79.71K	75.62K	67.75K	67.75K	80.26K	85.46K	83.80K	83.80K	8.45M
Accounts Payable	29.03K	25.22K	27.49K	25.46K	26.51K	26.51K	26.29K	32.80K	30.55K	30.55K	4.63M
Short Long Term Debt	-	12.90K	12.90K	12.90K	12.33K	-	-	-	-	-	1.17M
Other Current Liabilities	35.38K	4.68K	25.86K	23.68K	30.69K	3.92K	43.03K	41.50K	44.08K	21.73K	2.49M
Non Current Liabilities	16.07K	18.65K	19.44K	22.00K	37.06K	37.06K	38.39K	40.23K	27.98K	27.98K	7.65M
Long Term Debt	-	-	-	-	-	-	11.59K	12.10K	11.05K	-	5.84M
Other Liabilities	-	-	-	-	-	-	5.55K	5.22K	-	3.98K	360.08K
Stockholder Equity	156.57K	391.92K	386.31K	315.10K	306.36K	306.36K	32.29K	30.43K	25.97K	25.97K	4.95M
Preferred Stock Equity	-	-	-	-	-	-	-	-	-	-	140.82K
Liabilities And Stockholders Equity	476.76K	-	485.46K	412.71K	411.18K	-	150.94K	156.11K	137.75K	-	20.61M
Common Equity	-	-	-	-	-	-	609	607	605	-	18.52K
Retained Earnings	-	-	-	-	-	-	-7.49M	-7.49M	-7.49M	-	-236.29M
Totals		2.10M	1.68M	2.44M	2.14M	2.14M	1.41M	-6.56M	-6.53M	-6.63M	662.71K	947.28K	2.20M	3.70M	3.81M	-3.18M	-3.00M	-2.80M	-2.73M	-2.61M	-2.63M	-3.01M	-2.93M	-3.41M	-2.43M	-2.30M	-2.24M	-2.15M	-2.05M	-5.53M	-5.50M	-5.39M	-5.35M	-5.12M	-5.05M	-4.78M	-4.31M	-4.10M	-4.40M	-4.28M	-4.42M	-4.48M	-4.40M	-4.64M	-105.69M

&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;	07/31/2024	07/31/2023	07/31/2022	07/31/2021	07/31/2020	07/31/2019	07/31/2018	07/31/2017	07/31/2016	07/31/2015	Totals
	07/31/2024	07/31/2023	07/31/2022	07/31/2021	07/31/2020	07/31/2019	07/31/2018	07/31/2017	07/31/2016	07/31/2015	Totals
Assets	485.63K	411.18K	137.75K	676.38K	759.17K	731.56K	827.05K	281.30K	348.94K	446.50K	5.56M
Current Assets	295.83K	319.27K	109.83K	213.40K	223.54K	213.32K	264.28K	257.85K	319.89K	413.64K	3.04M
Cash And Short Term Investments	248.61K	121.37K	53.14K	96.93K	75.89K	32.55K	92.14K	122.57K	147.56K	198.15K	1.40M
Net Receivables	33.44K	183.12K	40.08K	37.17K	93.07K	112.14K	99.25K	81.45K	111.34K	131.22K	1.05M
Inventory	6.73K	8.57K	8.15K	16.23K	15.35K	23.67K	47.79K	34.37K	40.27K	48.74K	315.14K
Other Current Assets	7.04K	6.22K	8.45K	109.69K	20.48K	31.45K	25.10K	19.46K	20.73K	35.54K	294.39K
Non Current Assets	189.80K	91.91K	27.92K	462.98K	535.63K	518.24K	562.77K	23.45K	29.05K	32.86K	2.52M
Property Plant Equipment	-	-	3.53K	109.70K	135.82K	91.27K	106.63K	18.55K	22.27K	22.74K	535.64K
Long Term Investments	-	-	-	-	-	-	-	-	-	-	7.17K
Non Currrent Assets Other	3.09K	3.74K	3.93K	6.81K	7.42K	7.33K	8.82K	4.90K	6.78K	10.12K	72.79K
Liabilities	93.71K	104.82K	111.78K	634.99K	675.17K	643.68K	684.23K	218.33K	263.00K	301.90K	4.01M
Current Liabilities	75.06K	67.75K	83.80K	217.99K	249.93K	256.85K	290.61K	149.16K	194.77K	211.35K	2.00M
Accounts Payable	25.22K	26.51K	30.55K	29.83K	70.00K	85.90K	78.21K	109.37K	152.17K	159.09K	911.45K
Short Long Term Debt	-	-	-	5.60K	5.53K	11.73K	70.26K	59.76K	57.17K	77.86K	365.75K
Other Current Liabilities	24.48K	19.91K	34.27K	115.78K	151.53K	153.40K	129.50K	77.68K	42.59K	52.27K	855.42K
Non Current Liabilities	18.65K	37.06K	27.98K	417.00K	425.24K	386.83K	393.62K	69.17K	68.24K	90.55K	2.02M
Long Term Debt	-	-	11.05K	-	373.52K	375.94K	447.64K	59.76K	58.18K	77.86K	1.48M
Other Liabilities	-	-	3.98K	10.54K	8.51K	10.90K	10.51K	9.41K	10.06K	12.68K	83.06K
Stockholder Equity	154.18K	306.36K	25.97K	41.39K	84.00K	87.88K	142.82K	62.97K	85.94K	144.60K	1.31M
Preferred Stock Equity	-	-	-	-	-	-	35.19K	-	-	-	35.19K
Liabilities And Stockholders Equity	485.63K	411.18K	137.75K	676.38K	759.17K	731.56K	827.05K	281.30K	348.94K	446.50K	5.56M
Common Equity	-	-	605	-	628	618	608	556	553	522	4.61K
Retained Earnings	-	-	-7.49M	-	-7.43M	-7.43M	-7.36M	-7.40M	-7.37M	-7.31M	-59.09M
Totals		2.15M	2.12M	-6.63M	3.88M	-2.76M	-2.92M	-2.22M	-5.46M	-5.04M	-4.40M	-4.40M	-25.69M

&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;	04/30/2022	01/31/2022	10/31/2021	07/31/2021	04/30/2021	01/31/2021	10/31/2020	07/31/2020	04/30/2020	01/31/2020	Totals
	04/30/2022	01/31/2022	10/31/2021	07/31/2021	04/30/2021	01/31/2021	10/31/2020	07/31/2020	04/30/2020	01/31/2020	Totals
Revenue	51.55K	120.64K	125.41K	136.00K	151.78K	156.05K	169.93K	164.86K	177.35K	215.45K	4.94M
Cost Of Revenue	42.30K	107.04K	110.13K	114.95K	119.54K	120.20K	129.47K	124.86K	143.88K	170.20K	4.21M
Gross Profit	9.24K	13.60K	15.28K	21.05K	32.25K	35.85K	40.47K	39.99K	33.47K	45.25K	727.73K
Operating Expenses	9.21K	27.81K	26.19K	30.64K	25.59K	27.17K	33.39K	30.53K	32.40K	38.08K	816.68K
Selling General Administrative	9.21K	23.91K	22.00K	26.45K	21.41K	21.81K	26.86K	24.00K	25.87K	31.16K	699.10K
Research Development	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	51.52K	134.85K	136.32K	145.59K	145.13K	147.37K	162.86K	155.40K	176.28K	208.28K	5.03M
Operating Income	31	-14.21K	-10.91K	-9.59K	-19.00K	8.68K	7.08K	9.46K	1.07K	7.17K	-112.36K
Net Interest Income	-845	-7.98K	-7.79K	-7.73K	-7.76K	-7.83K	-7.80K	-7.52K	-8.52K	-8.72K	-101.52K
Interest Income	3	2	4	-7	1	-	20	23	8	14	-10.21K
Interest Expense	848	-7.98K	7.79K	7.73K	7.76K	7.83K	7.82K	7.54K	8.52K	8.73K	171.46K
Other Income Expense Net	1.31K	-8.04K	-8.27K	-2.53K	-7.61K	-9.99K	9.82K	7.93K	5.74K	9.54K	98.82K
Income Before Tax	1.34K	-22.25K	-19.18K	-12.12K	-26.61K	-1.30K	-2.75K	1.53K	-4.67K	-2.37K	-292.02K
Tax Provision	11.03K	723	315	-1.10K	1.02K	891	804	1.89K	1.49K	1.19K	23.14K
NetIncome	29.66K	-22.98K	-19.49K	-11.02K	-27.63K	-2.20K	-3.55K	-360	-6.16K	-3.56K	-210.89K
NetIncome Applicable To Common Shares	29.66K	-23.51K	-20.03K	-11.56K	-28.15K	-2.73K	-4.09K	-897	-6.68K	-4.09K	-224.79K
Ebit	41.54K	-30.23K	-11.38K	-4.39K	-18.84K	6.52K	5.08K	9.07K	3.85K	6.36K	-82.82K
Basic EPS	0.5	-0.39	-0.19	-0.33	-0.19	-0.45	-0.04	-0.07	-0.01	-0.11	-4.23
Totals		287.62K	291.38K	346.39K	422.36K	368.87K	508.32K	575.41K	568.31K	583.90K	722.70K	757.75K	609.50K	619.74K	672.91K	668.73K	658.46K	625.90K	630.91K	319.10K	297.53K	306.12K	372.05K	366.39K	275.11K	273.57K	342.24K	411.96K	374.52K	311.75K	477.28K	603.85K	507.52K	528.98K	15.69M

&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;	07/31/2021	07/31/2020	07/31/2019	07/31/2018	07/31/2017	07/31/2016	07/31/2015	07/31/2014	Totals
	07/31/2021	07/31/2020	07/31/2019	07/31/2018	07/31/2017	07/31/2016	07/31/2015	07/31/2014	Totals
Revenue	613.77K	782.81K	819.83K	645.26K	436.62K	459.02K	561.67K	723.40K	5.04M
Cost Of Revenue	484.15K	619.85K	670.10K	544.00K	400.25K	434.26K	507.19K	648.67K	4.31M
Gross Profit	129.61K	162.96K	149.73K	101.26K	36.37K	24.76K	54.48K	74.72K	733.89K
Operating Expenses	116.79K	130.52K	174.52K	121.99K	54.16K	57.60K	60.33K	73.12K	789.03K
Selling General Administrative	96.53K	103.26K	144.08K	101.70K	54.16K	57.60K	59.67K	72.02K	689.02K
Research Development	-	-	-	-	-	-	-	-	-
Other Operating Expenses	600.94K	750.37K	844.62K	665.99K	454.41K	491.87K	567.52K	721.79K	5.10M
Operating Income	-12.83K	32.44K	-25.28K	-8.31K	-17.79K	-32.85K	-5.85K	1.61K	-68.85K
Net Interest Income	-31.13K	-33.91K	-41.42K	-29.20K	-7.85K	-10.26K	-	-	-153.76K
Interest Income	14	61	528	679	399	-16.77K	5.68K	-	-9.41K
Interest Expense	31.14K	33.97K	41.95K	29.88K	8.25K	10.92K	10.62K	5.01K	171.74K
Other Income Expense Net	-29.95K	-31.81K	-36.82K	-26.98K	6.62K	23.78K	10.51K	13.15K	-71.51K
Income Before Tax	-42.78K	633	-62.10K	-35.29K	-24.41K	-56.63K	-16.35K	-11.55K	-248.47K
Tax Provision	1.61K	5.92K	4.67K	-71.20K	2.70K	5.44K	2.28K	-	-48.58K
NetIncome	-44.39K	-5.28K	-66.73K	36.72K	-25.83K	-61.28K	-18.43K	-16.28K	-201.51K
NetIncome Applicable To Common Shares	-46.52K	-7.41K	-68.86K	35.38K	-25.83K	-61.28K	-18.43K	-16.28K	-209.23K
Ebit	-11.64K	34.60K	-20.11K	-4.60K	-14.88K	-44.91K	-5.53K	-6.59K	-73.67K
Basic EPS	-1.02	-0.26	-0.94	0.33	-0.41	-1.06	-0.65	-0.33	-4.34
Totals		1.86M	2.58M	2.53M	2.11M	1.34M	1.28M	1.78M	2.28M	15.75M

&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;	10/31/2024	07/31/2024	04/30/2024	01/31/2024	10/31/2023	07/31/2023	04/30/2023	01/31/2023	10/31/2022	07/31/2022	Totals
	10/31/2024	07/31/2024	04/30/2024	01/31/2024	10/31/2023	07/31/2023	04/30/2023	01/31/2023	10/31/2022	07/31/2022	Totals
Cash From Operating Activities	11.99K	6.42K	8.77K	77.999	8.52K	8.52K	-588	1.34K	2.13K	2.13K	159.74K
Net Income	2.37K	6.54K	71.66K	1.69K	8.15K	8.15K	3.03K	-526	2.91K	1.30K	-104.99K
Depreciation	1.50K	1.40K	1.33K	1.34K	1.37K	1.37K	503	465	522	522	228.26K
Extraordinary Items	-	-	-	-	-	-	-	-	-	-	-
Change Receivables	-	-	-	-	-	-	199	-292	3.03K	-	116.75K
Change To Inventory	-1.89K	800	168	-885	-1.57K	-1.57K	1.93K	584	1.61K	1.61K	66.94K
Change To Liabilities	-	-	-	-	-	-	-2.85K	-3.53K	1.67K	-1.27K	-72.67K
Change To Net Income	-	-	-	-	-	-	-3.69K	3.14K	-1.75K	10.69K	1.55K
ChangeToOperatingActivities	-	-	-	-	-	-	-	-	-	-14.11K	-40.64K
Cash flows From Investing Activities	-	-	-	-	-	-	1.59K	-318	-532	-343	-510.15K
Capital Expenditures	-581	-1.05K	-1.21K	-1.15K	-807	-807	-445	-318	-343	-343	-89.80K
Other Cashflows From Investing Activities	1	-	-	1.31K	-	-	150	-	16	-	-437.38K
Cash From Financing Activities	-13.48K	-531	-531	-537	-3.83K	-3.83K	-1.67K	-556	-645	-645	380.00K
Net Borrowings	-	-	-	-	-	-	-1.15K	-	-	-19	-17.34K
Sale Purchase Of Stock	-	-	-	-	-2.29K	-2.29K	-	-	-	-	31.83K
Dividends Paid	537	531	531	537	537	537	519	537	531	531	-6.79K
Other Cashflows From Financing Activities	-12.94K	-	-14.43K	165	2.21K	-	1.59K	-318	-95	-95	568.79K
Cash And Cash Equivalents Changes	-	-	-	-	-	-	-670	462	7.16K	-	24.28K
Totals		-12.49K	14.10K	66.29K	2.55K	12.29K	10.09K	-1.56K	665	16.22K	-40	31.59K	-42.18K	-34.26K	-4.03K	33.99K	-72.58K	66.37K	-44.02K	203.92K	-37.51K	32.28K	42.45K	-193.58K	12.90K	-20.80K	-26.09K	-14.36K	-4.73K	29.16K	-10.74K	-4.94K	20.42K	-71.51K	-59.18K	-3.77K	-23.07K	87.92K	-96.66K	65.26K	52.74K	-146.63K	39.90K	381.98K	298.38K

&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;	07/31/2024	07/31/2023	07/31/2022	07/31/2021	07/31/2020	07/31/2019	07/31/2018	07/31/2017	07/31/2016	07/31/2015	Totals
	07/31/2024	07/31/2023	07/31/2022	07/31/2021	07/31/2020	07/31/2019	07/31/2018	07/31/2017	07/31/2016	07/31/2015	Totals
Cash From Operating Activities	21.85K	17.52K	-3.13K	23.07K	71.62K	20.85K	11.77K	-24.45K	-19.79K	19.19K	148.32K
Net Income	87.98K	15.61K	-9.26K	-44.39K	-5.28K	-66.73K	36.72K	-25.83K	-61.28K	-18.43K	-107.17K
Depreciation	5.38K	2.79K	2.22K	43.55K	50.33K	52.50K	37.08K	8.21K	8.12K	9.34K	233.79K
Extraordinary Items	-	-	-	-	-	-	-	-	-	-	-
Change Receivables	-	-	-5.26K	-	20.30K	-14.09K	29.73K	31.10K	19.13K	-14.97K	83.65K
Change To Inventory	1.61K	-127	323	-722	8.51K	2.48K	19.97K	6.85K	7.75K	11.84K	54.09K
Change To Liabilities	-	-	330	-19.20K	-18.09K	33.44K	-33.42K	-46.33K	-1.58K	22.63K	-65.06K
Change To Net Income	-	-	-1.08K	41.37K	-1.38K	1.24K	-78.88K	1.66K	10.92K	-2.80K	-24.91K
ChangeToOperatingActivities	-	-	-8.38K	-21.66K	16.18K	7.83K	-1.38K	601	-2.83K	6.57K	-8.42K
Cash flows From Investing Activities	-	-	-1.49K	-3.33K	-11.89K	-14.48K	-452.32K	5.64K	52.24K	-75.33K	-506.59K
Capital Expenditures	-3.96K	-2.12K	-1.49K	-3.62K	-12.07K	-14.54K	-18.42K	-4.73K	-7.94K	-8.52K	-81.89K
Other Cashflows From Investing Activities	9	-	625	-	21	19	-448.47K	1.09K	1.28K	-323	-446.51K
Cash From Financing Activities	-2.13K	-6.61K	-2.30K	-9.84K	-12.28K	-63.81K	421.88K	-1.92K	-20.56K	-4.56K	399.51K
Net Borrowings	-	-	-95	-7.71K	-10.07K	-61.70K	-4.99K	-1.93K	-20.48K	-4.67K	-11.38K
Sale Purchase Of Stock	-	-	-	7.71K	19.00K	15	35.01K	18	-127	113	63.11K
Dividends Paid	2.13K	2.13K	2.13K	2.13K	2.13K	2.13K	-1.14K	-1.14K	-1.14K	-1.14K	8.21K
Other Cashflows From Financing Activities	108.58K	-2.29K	-95	-7.71K	-914	20.94K	426.67K	5.64K	52.24K	-75.33K	628.79K
Cash And Cash Equivalents Changes	-	-	-6.92K	-	47.45K	-57.44K	-18.67K	-20.12K	11.36K	-64.08K	-2.82K
Totals		221.44K	26.92K	-33.86K	-351	163.58K	-151.33K	-38.88K	-65.64K	27.29K	-200.48K	416.01K	364.72K

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