Steel Connect (STCN)

• Market cap: $79.2M
• 1 day: 1.30%
• 5 days: 0.64%
• 1 month: 20.89%
• 3 months: 15.85%
• 6 months: 0.08%
• Year to date: 28.21%
• 1 year: 28.87%
• 5 years: -28.77%
• 10 years: -63.01%
• Sector: Industrials
• Industry: Business Services

About: Steel Connect Inc is a diversified holding company. Through its subsidiary, the company provides digital and physical supply chain solutions to many brands across a diverse range of industries, including consumer electronics, telecommunications, computing and storage, software, and others. It also produces and licenses an entitlement management solution powered by its enterprise-class Poetic software, which offers a complete solution for activation, provisioning, entitlement subscription, and data collection from physical goods (connected products) and digital products. The group has an integrated network of facilities throughout North America, Europe, and Asia Pacific. Geographically, it derives key revenue from Mainland China and rest from the United States, Czech, and other regions.

Employees: 1,261

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

25% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 4

11% more funds holding

Funds holding: 18 [Q2] → 20 (+2) [Q3]

8.75% more ownership

Funds ownership: 60.17% [Q2] → 68.92% (+8.75%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

6% less capital invested

Capital invested by funds: $48.7M [Q2] → $45.9M (-$2.87M) [Q3]