Steel Connect Ownership
| STCN Stock | USD 10.03 0.03 0.30% |
Shares in Circulation | First Issued 2009-03-31 | Previous Quarter 29 M | Current Value 29 M | Avarage Shares Outstanding 7.9 M | Quarterly Volatility 6.5 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Steel |
Steel Stock Ownership Analysis
About 67.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.41. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Steel Connect last dividend was issued on the 15th of March 2011. The entity had 375:3500 split on the 22nd of June 2023. Steel Connect, Inc., together with its subsidiaries, provides direct marketing and supply chain services in the United States, Mainland China, and internationally. Steel Connect, Inc. was incorporated in 1986 and is headquartered in Smyrna, Tennessee. Steel Connect operates under Advertising Agencies classification in the United States and is traded on NASDAQ Exchange. It employs 3120 people. To find out more about Steel Connect contact Fawaz Khalil at 914 461 1276 or learn more at https://www.steelconnectinc.com.Besides selling stocks to institutional investors, Steel Connect also allocates a substantial amount of its earnings to a pull of share-based compensation to be paid out to its employees, managers, executives, and members of the board of directors. Share-Based compensation (also sometimes called Stock-Based Compensation) is a way of paying different Steel Connect's stakeholders with equity in the business. It is typically used as a motivation factor for employees to contribute beyond their regular compensation (salary and bonus). It is also used as a tool to align Steel Connect's strategic interests with those of the company's shareholders. Shares issued to employees are usually subject to a vesting period before they are earned and sold.
Steel Connect Quarterly Liabilities And Stockholders Equity |
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Steel Connect Insider Trades History
About 9.0% of Steel Connect are currently held by insiders. Unlike Steel Connect's institutional investors, corporate insiders most likely have a limit on the maximum percentage of share ownership. This is done to align insiders' influence against Steel Connect's private investors even though both sides will benefit from rising prices or experience loss when the share price declines. The good rule to have in mind is that the maximum share ownership percentage of the corporate insiders should not surpass 25%. View all of Steel Connect's insider trades
Steel Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Steel Connect is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Steel Connect backward and forwards among themselves. Steel Connect's institutional investor refers to the entity that pools money to purchase Steel Connect's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Blackrock Inc | 2024-06-30 | 9.7 K | Compagnie Lombard, Odier Sca | 2024-09-30 | 84.0 | Bank Of America Corp | 2024-06-30 | 83.0 | Royal Bank Of Canada | 2024-06-30 | 72.0 | Jpmorgan Chase & Co | 2024-06-30 | 8.0 | Crédit Agricole S.a. | 2024-06-30 | 3.0 | Ubs Group Ag | 2024-06-30 | 1.0 | Sontag Advisory Llc | 2024-06-30 | 0.0 | Summit Trail Advisors, Llc | 2024-06-30 | 0.0 | Steel Partners Holdings Lp | 2024-09-30 | 3.5 M | Gabelli Funds Llc | 2024-09-30 | 238.5 K |
Steel Connect 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 Connect insiders, such as employees or executives, is commonly permitted as long as it does not rely on Steel Connect's 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 Connect 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.
Steel Connect Outstanding Bonds
Steel Connect 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 Connect 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 Connect 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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Steel Connect Corporate Filings
| 13th of November 2024 Other Reports | ViewVerify | |
10K | 6th of November 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
| 29th of October 2024 Other Reports | ViewVerify | |
F4 | 2nd of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Pair Trading with Steel Connect
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 Connect 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 Connect will appreciate offsetting losses from the drop in the long position's value.Moving against Steel Stock
| 0.79 | NL | NL Industries | PairCorr |
| 0.68 | BR | Broadridge Financial | PairCorr |
| 0.63 | SQ | Block Inc | PairCorr |
| 0.49 | KC | Kingsoft Cloud Holdings Trending | PairCorr |
| 0.47 | WM | Waste Management | PairCorr |
The ability to find closely correlated positions to Steel Connect 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 Connect 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 Connect - 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 Connect to buy it.
The correlation of Steel Connect 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 Connect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Connect 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 Connect 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, which includes a position in Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Data Processing & Outsourced Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Steel Connect. If investors know Steel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Steel Connect listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Earnings Share 3.11 | Revenue Per Share 28.001 | Quarterly Revenue Growth 0.124 | Return On Assets 0.0104 |
The market value of Steel Connect is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Connect's value that differs from its market value or its book value, called intrinsic value, which is Steel Connect's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Steel Connect's market value can be influenced by many factors that don't directly affect Steel Connect's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Steel Connect's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Connect is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Connect's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.