Safeguard Scientifics (NYSE:SFE) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Safeguard Scientifics (NYSE:SFEGet Rating) in a report published on Saturday morning. The firm issued a hold rating on the asset manager’s stock.

Safeguard Scientifics Stock Performance

Shares of Safeguard Scientifics stock opened at $4.34 on Friday. Safeguard Scientifics has a 12 month low of $3.32 and a 12 month high of $8.98. The stock’s fifty day moving average price is $4.01 and its 200-day moving average price is $4.34.

Insiders Place Their Bets

In other news, major shareholder Thomas A. Satterfield, Jr. purchased 26,209 shares of the stock in a transaction dated Tuesday, June 21st. The shares were acquired at an average cost of $3.68 per share, for a total transaction of $96,449.12. Following the acquisition, the insider now owns 644,506 shares of the company’s stock, valued at $2,371,782.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Safeguard Scientifics

Institutional investors have recently bought and sold shares of the company. Byrne Asset Management LLC boosted its stake in 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 acquiring an additional 5,684 shares in the last quarter. State Street Corp boosted its stake in 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 acquiring an additional 3,111 shares in the last quarter. Shufro Rose & Co. LLC acquired a new stake in Safeguard Scientifics in the first quarter valued at approximately $174,000. Legal & General Group Plc boosted its stake in Safeguard Scientifics by 5.3% in the second quarter. Legal & General Group Plc now owns 95,711 shares of the asset manager’s stock valued at $357,000 after acquiring an additional 4,815 shares in the last quarter. Finally, EJF Capital LLC boosted its stake in Safeguard Scientifics by 5.6% in the first quarter. EJF Capital LLC now owns 172,955 shares of the asset manager’s stock valued at $903,000 after acquiring an additional 9,151 shares in the last quarter. 62.03% of the stock is currently owned by institutional investors and hedge funds.

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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