Steel Connect
STCN

$11.54

4.91%

Market Cap: $72.8M

About: Steel Connect Inc is a diversified holding company. The company's operating segment include Direct Marketing and Supply Chain. It generates maximum revenue from the Direct Marketing segment. Geographically, it derives a majority of revenue from the United States and also has a presence in China; Netherlands, and others. The company serves clients in various industries including consumer electronics, communications, computing, software, storage, and retail industries.

Employees: 1,000

Industrials Business Services

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

56% more capital invested

Capital invested by funds: $31.2M [Q1] → $48.5M (+$17.3M) [Q2]

7.48% more ownership

Funds ownership: 52.39% [Q1] → 59.87% (+7.48%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

15% less funds holding

Funds holding: 20 [Q1] → 17 (-3) [Q2]

43% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 7

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

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Research analyst outlook

We haven’t received any recent analyst ratings for STCN.

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Financial journalist opinion

Steel Connect Reports Third Quarter Fiscal 2024 Financial Results

NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its third quarter ended April 30, 2024. Results of Operations During the current quarter, the Company booked a $71.5 million non-cash accounting adjustment to net income as a result of a release of a portion of its valuation allowance for certain pre-existing Company deferred tax assets. The release resulted in a one-time non-cash adjustment to income tax benefit of $71.5 million.

Steel Connect Reports Third Quarter Fiscal 2024 Financial Results

Steel Connect Reports Second Quarter Fiscal 2024 Financial Results

NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its second quarter ended January 31, 2024. Results of Operations The financial information and discussion that follows below are for the Company's operations. Due to the application of pushdown accounting in connection with the exchange transaction ("Exchange Transaction") on May 1, 2023 with Steel Partners Holdings L.P. (“Steel Partners”), the Company's consolidated financial sta.

Steel Connect Reports Second Quarter Fiscal 2024 Financial Results

ModusLink Corporation Earns Intel's 2023 EPIC Distinguished Supplier Award

ModusLink Corporation is one of only 22 Distinguished Award recipients across Intel's global supply chain. ModusLink Corporation is one of only 22 Distinguished Award recipients across Intel's global supply chain.

ModusLink Corporation Earns Intel's 2023 EPIC Distinguished Supplier Award

Glancy Prongay & Murray LLP Announces Investigation of Steel Connect, Inc. (STCN)

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Steel Connect, Inc. (Nasdaq: STCN) concerning the Company and its directors' and officers' possible violations of state laws. If you own Steel Connect stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New York, NY 10169 at tk.

Glancy Prongay & Murray LLP Announces Investigation of Steel Connect, Inc. (STCN)

Steel Connect, Inc. Amends Tax Benefits Preservation Plan

NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (the “Company”) (Nasdaq: STCN), today announced that its Board of Directors (the “Board”) further amended its tax benefits preservation plan, dated as of January 19, 2018, as amended on January 8, 2021 (the “Plan”), to extend the term of the Plan from January 8, 2024 to January 8, 2027 (subject to earlier expiration, as described below). The Company has significant net operating loss carryforwards for federal and state tax purposes and believes tha.

Steel Connect, Inc. Amends Tax Benefits Preservation Plan

Steel Connect Reports First Quarter Fiscal 2024 Financial Results

NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its first quarter ended October 31, 2023. Results of Operations The financial information and discussion that follows below are for the Company's operations. Due to the application of pushdown accounting as a result of the exchange transaction ("Exchange Transaction") on May 1, 2023 with Steel Partners L.P. (“Steel Partners”), the Company's consolidated financial statements includ.

Steel Connect Reports First Quarter Fiscal 2024 Financial Results

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