<div id="readability-page-1"><p>Wealthspire Advisors LLC acquired a new stake in Steel Connect, Inc. (NASDAQ:STCN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 315,226 shares of the technology company's stock, valued at approximately $2,991,000. Wealthspire Advisors LLC owned approximately 5.01% of Steel Connect as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Steel Connect</strong> alerts:</span></p></div><p>Separately, Steel Partners Holdings L.P. lifted its holdings in shares of Steel Connect by 0.9% during the 4th 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 in the last quarter. Institutional investors own 47.28% of the company's stock. </p><h2>Insiders Place Their Bets</h2><p>In related news, Director Steel Partners Holdings L.P. bought 156,313 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average price of $12.00 per share, with a total value of $1,875,756.00. Following the completion of the transaction, the director now owns 969,410 shares in the company, valued at $11,632,920. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this link. Insiders have acquired 927,548 shares of company stock valued at $9,596,658 in the last three months. 8.70% of the stock is currently owned by corporate insiders. </p><h2>Steel Connect Stock Performance</h2><p>NASDAQ STCN traded up $0.33 during trading hours on Friday, reaching $12.83. 5,274 shares of the company's stock were exchanged, compared to its average volume of 15,395. The company has a market capitalization of $80.83 million, a price-to-earnings ratio of 4.10 and a beta of 0.20. The company's 50-day moving average is $12.17 and its two-hundred day moving average is $10.45. Steel Connect, Inc. has a one year low of $7.36 and a one year high of $13.00. </p><p>Steel Connect (NASDAQ:STCN - Get Free Report) last announced its earnings results on Thursday, June 6th. The technology company reported $0.01 earnings per share for the quarter. The firm had revenue of $43.86 million during the quarter. Steel Connect had a net margin of 53.00% and a return on equity of 19.76%. </p><h2>Steel Connect Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Steel Connect</li><li>How to Start Investing in Real Estate</li><li>Why This Banking Stock Might Be Nearing the Bottom of Its Cycle</li><li>What is a Bond Market Holiday? How to Invest and Trade</li><li>MarketBeat Week in Review – 7/8 - 7/12</li><li>Best Stocks Under $10.00 </li><li>Top 3 Beverage Stocks: Summer Earnings Reveal Key Trends</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1RDTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1RDTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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STCN

<p>Wealthspire Advisors LLC invested $2.99 million in Steel Connect, Inc. (NASDAQ:STCN). They acquired 315,226 shares, owning approximately 5.01% of the company. Steel Partners Holdings L.P. also increased its holdings in Steel Connect. Insiders have acquired 927,548 shares in the last three months. Steel Connect reported earnings of $0.01 per share for the quarter, with a net margin of 53.00% and a return on equity of 19.76%.</p>

Wealthspire Advisors LLC Invests $2.99 Million in Steel Connect, Inc. (NASDAQ:STCN)