Safeguard Scientifics, Inc (NYSE:SFE) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also assigned Safeguard Scientifics an industry rank of 56 out of 256 based on the ratings given to related companies.
A number of analysts have commented on SFE shares. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th.
NYSE SFE traded up $0.03 on Monday, reaching $11.80. The company’s stock had a trading volume of 83,452 shares, compared to its average volume of 63,158. Safeguard Scientifics has a twelve month low of $7.98 and a twelve month high of $12.91. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $242.84 million, a PE ratio of -15.53 and a beta of 0.88. The business has a 50 day moving average price of $12.04.
Safeguard Scientifics (NYSE:SFE) last issued its quarterly earnings results on Thursday, May 2nd. The asset manager reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.25. As a group, sell-side analysts anticipate that Safeguard Scientifics will post 1.37 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of SFE. Zeke Capital Advisors LLC purchased a new stake in Safeguard Scientifics during the first quarter valued at about $2,212,000. Almitas Capital LLC lifted its stake in Safeguard Scientifics by 63.5% during the first quarter. Almitas Capital LLC now owns 402,998 shares of the asset manager’s stock valued at $4,373,000 after buying an additional 156,580 shares in the last quarter. Strs Ohio purchased a new stake in Safeguard Scientifics during the second quarter valued at about $582,000. Yakira Capital Management Inc. increased its holdings in shares of Safeguard Scientifics by 2.7% in the 1st quarter. Yakira Capital Management Inc. now owns 818,289 shares of the asset manager’s stock valued at $8,878,000 after purchasing an additional 21,600 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Safeguard Scientifics by 116.1% in the 4th quarter. Bank of America Corp DE now owns 32,112 shares of the asset manager’s stock valued at $277,000 after purchasing an additional 17,250 shares during the period. 68.28% of the stock is owned by institutional investors.
Safeguard Scientifics Company Profile
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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