Safeguard Scientifics (SFE) Shares Down 1.1%
Safeguard Scientifics, Inc (NYSE:SFE) shares traded down 1.1% during mid-day trading on Monday . The stock traded as low as $9.10 and last traded at $9.25. 5,073 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 100,545 shares. The stock had previously closed at $9.35.
Several research analysts have recently issued reports on the stock. ValuEngine raised shares of Safeguard Scientifics from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. First Analysis reaffirmed an “equal weight” rating and issued a $25.00 target price on shares of Safeguard Scientifics in a research note on Friday, July 27th. Finally, Zacks Investment Research raised shares of Safeguard Scientifics from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.13.
The company has a market cap of $188.95 million, a PE ratio of -2.13 and a beta of 1.29. The company has a debt-to-equity ratio of 1.60, a quick ratio of 5.03 and a current ratio of 5.03.
A number of institutional investors have recently added to or reduced their stakes in SFE. SG Americas Securities LLC bought a new position in Safeguard Scientifics during the 2nd quarter worth approximately $141,000. KBC Group NV boosted its stake in Safeguard Scientifics by 145.9% during the 1st quarter. KBC Group NV now owns 23,783 shares of the asset manager’s stock worth $291,000 after acquiring an additional 14,112 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Safeguard Scientifics by 58.9% during the 1st quarter. Wells Fargo & Company MN now owns 24,192 shares of the asset manager’s stock worth $296,000 after acquiring an additional 8,964 shares during the last quarter. Mycio Wealth Partners LLC bought a new position in Safeguard Scientifics during the 2nd quarter worth approximately $297,000. Finally, FNY Investment Advisers LLC bought a new position in Safeguard Scientifics during the 2nd quarter worth approximately $493,000. 72.63% of the stock is currently owned by institutional investors and hedge funds.
Safeguard Scientifics Company Profile (NYSE:SFE)
Safeguard Scientifics, Inc no longer investing. It is a private equity and venture capital firm specializing in expansion financings, growth capital, management buyouts, recapitalizations, industry consolidations, corporate spinouts, growth stage, and early stage financings. It initially invests in a Series A-C round and opportunistically in a seed round.
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