Safeguard Scientifics, Inc. (NYSE: SFE) Major Stockholder Acquires $54,275.40 in Stock
Safeguard Scientifics, Inc. (NYSE: SFE – Get Rating) principal shareholder Thomas A. Satterfield, Jr. acquired 15,732 shares of Safeguard Scientifics in a transaction dated Monday, May 23. The shares were purchased at an average price of $3.45 per share, for a total transaction of $54,275.40. Following the completion of the acquisition, the insider now directly owns 450,732 shares of the company, valued at approximately $1,555,025.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Large shareholders who own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of NYSE SFE were down $0.01 at midday Wednesday, hitting $3.86. The company had a trading volume of 39,505 shares, compared to an average volume of 37,859. The company has a 50-day simple moving average of $4.48 and a two-hundred-day simple moving average of $5.95 . The stock has a market capitalization of $64.18 million, a P/E ratio of -77.20 and a beta of 1.05. Safeguard Scientifics, Inc. has a 52-week low of $3.32 and a 52-week high of $8.98.
Safeguard Scientifics (NYSE:SFE – Get Rating) last released its quarterly earnings data on Thursday, May 5. The asset manager reported ($0.40) earnings per share (EPS) for the quarter.
Separately, StockNews.com began covering Safeguard Scientifics shares in a research report on Saturday. They issued a “holding” rating on the stock.
Several large investors have recently changed their stake in the company. First Manhattan Co. increased its holdings of Safeguard Scientifics stock 1.5% in the first 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 last quarter. State Street Corp increased its stake in shares of Safeguard Scientifics by 28.5% in the first quarter. State Street Corp now owns 18,054 shares of the asset manager valued at $94,000 after purchasing an additional 4,003 shares during the period. EJF Capital LLC increased its stake in shares of Safeguard Scientifics by 5.6% in the first quarter. EJF Capital LLC now owns 172,955 shares of the asset manager valued at $903,000 after purchasing an additional 9,151 shares during the period. Clayton Partners LLC increased its stake in shares of Safeguard Scientifics by 21.3% in the first quarter. Clayton Partners LLC now owns 297,066 shares of the asset manager valued at $1,551,000 after purchasing an additional 52,172 shares during the period. Finally, Yakira Capital Management Inc. increased its position in Safeguard Scientifics by 8.1% during the first quarter. Yakira Capital Management Inc. now owns 1,092,108 shares of the asset manager worth $5,701,000 after acquiring 82,158 additional shares in the last quarter. 60.59% of the shares are currently held by institutional investors and hedge funds.
About Safeguard Scientifics (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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