Safeguard Scientifics (NYSE:SFE) Earns Hold Rating from StockNews.com Analysts


Stock market analysts at StockNews.com began to cover the shares of Backup Scientists (NYSE: SFEGet a rating) in a research note published Friday. The firm has set a “hold” rating on the asset manager’s shares.

Shares of NYSE SFE opened at $4.03 on Friday. The company has a market capitalization of $67.01 million, a PE ratio of -80.60 and a beta of 1.04. The company has a fifty-day moving average of $3.91 and a 200-day moving average of $5.20. Safeguard Scientifics has a one-year minimum of $3.32 and a one-year maximum of $8.98.

Backup Scientists (NYSE: SFEGet a rating) last announced its results on Thursday, May 5. The asset manager reported ($0.40) earnings per share (EPS) for the quarter.

In other news from Safeguard Scientifics, major shareholder Thomas A. Satterfield, Jr. purchased 15,732 shares in a transaction on Monday, May 23. The shares were purchased at an average price of $3.45 per share, with a total value of $54,275.40. Following the purchase, the insider now directly owns 450,732 shares of the company, valued at approximately $1,555,025.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, major shareholder Thomas A. Satterfield, Jr. purchased 13,646 shares in a trade on Wednesday, May 25. The shares were acquired at an average cost of $3.79 per share, for a total transaction of $51,718.34. Following the purchase, the insider now owns 476,904 shares of the company, valued at $1,807,466.16. Disclosure of this purchase can be found here. Over the past ninety days, insiders have purchased 84,588 shares of the company worth $324,827. 7.10% of the shares are currently held by company insiders.

Hedge funds have recently changed their positions in the business. Contrarian Capital Management LLC increased its position in Safeguard Scientifics shares by 6.5% during the 4th quarter. Contrarian Capital Management LLC now owns 746,542 shares of the asset manager valued at $5,487,000 after acquiring an additional 45,644 shares in the last quarter. CM Management LLC increased its position in Safeguard Scientifics shares by 4.3% during the 4th quarter. CM Management LLC now owns 600,000 shares of the asset manager valued at $4,410,000 after acquiring an additional 25,000 shares in the last quarter. First Manhattan Co. increased its position in Safeguard Scientifics shares by 1.5% in the 1st quarter. First Manhattan Co. now owns 992,316 shares of the asset manager valued at $5,179,000 after acquiring an additional 14,260 shares in the last quarter. EJF Capital LLC increased its position in shares of Safeguard Scientifics by 5.6% during the 1st quarter. EJF Capital LLC now owns 172,955 shares of the asset manager valued at $903,000 after acquiring an additional 9,151 shares in the last quarter. Finally, State Street Corp increased its position in Safeguard Scientifics shares by 28.5% in the 1st quarter. State Street Corp now owns 18,054 shares of the asset manager valued at $94,000 after acquiring 4,003 additional shares in the last quarter. 60.59% of the shares are currently held by hedge funds and other institutional investors.

Safeguard Scientifics Company Profile (Get a rating)

Safeguard Scientifics, Inc is no longer investing. It is a private equity and venture capital firm specializing in expansion financings, growth capital, management buyouts, recapitalizations, industry consolidations, spin-offs, growth and start-up financing. He initially invests in an AC series round and opportunistically in a seed round.

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