Safeguard Scientifics (NYSE:SFE) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Safeguard Scientifics (NYSE:SFEGet Rating) in a research note released on Friday morning. The firm issued a hold rating on the asset manager’s stock.

Safeguard Scientifics Trading Down 1.4 %

Shares of SFE opened at $3.95 on Friday. Safeguard Scientifics has a 1-year low of $3.32 and a 1-year high of $8.98. The firm has a 50-day simple moving average of $3.98 and a two-hundred day simple moving average of $4.45.

Insider Buying and Selling at Safeguard Scientifics

In related news, major shareholder Thomas A. Satterfield, Jr. purchased 26,209 shares of the company’s stock in a transaction on Tuesday, June 21st. The stock was acquired at an average cost of $3.68 per share, for a total transaction of $96,449.12. Following the completion of the transaction, the insider now directly owns 644,506 shares in the company, valued at $2,371,782.08. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Safeguard Scientifics news, major shareholder Thomas A. Satterfield, Jr. acquired 29,001 shares of the company’s stock in a transaction that occurred on Thursday, June 9th. The stock was purchased at an average price of $4.22 per share, for a total transaction of $122,384.22. Following the completion of the acquisition, the insider now owns 618,997 shares of the company’s stock, valued at approximately $2,612,167.34. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Thomas A. Satterfield, Jr. acquired 26,209 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The stock was acquired at an average price of $3.68 per share, with a total value of $96,449.12. Following the acquisition, the insider now directly owns 644,506 shares of the company’s stock, valued at approximately $2,371,782.08. The disclosure for this purchase can be found here. Company insiders own 7.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Byrne Asset Management LLC grew its holdings in shares of Safeguard Scientifics by 261.0% in the first quarter. Byrne Asset Management LLC now owns 7,862 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 5,684 shares in the last quarter. State Street Corp grew its holdings in shares of Safeguard Scientifics by 17.2% in the second quarter. State Street Corp now owns 21,165 shares of the asset manager’s stock valued at $79,000 after purchasing an additional 3,111 shares in the last quarter. Shufro Rose & Co. LLC acquired a new position in shares of Safeguard Scientifics in the first quarter valued at approximately $174,000. Legal & General Group Plc grew its holdings in Safeguard Scientifics by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 95,711 shares of the asset manager’s stock worth $357,000 after acquiring an additional 4,815 shares in the last quarter. Finally, EJF Capital LLC grew its holdings in Safeguard Scientifics by 5.6% during the 1st quarter. EJF Capital LLC now owns 172,955 shares of the asset manager’s stock worth $903,000 after acquiring an additional 9,151 shares in the last quarter. Institutional investors and hedge funds own 62.03% of the company’s stock.

About Safeguard Scientifics

(Get Rating)

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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