Safeguard Scientifics (NYSE:SFE – Get Rating) is expected to release quarterly earnings data after the market closes Thursday, May 5. Those interested in participating in the company’s earnings conference call can do so using this link.
Safeguard Scientifics (NYSE:SFE – Get Rating) last released its results on Wednesday, March 9. The asset manager reported ($0.51) earnings per share (EPS) for the quarter.
Shares of SFE opened at $4.25 on Thursday. The stock has a 50-day moving average of $5.20 and a 200-day moving average of $6.56. The stock has a market capitalization of $70.66 million, a P/E ratio of 3.57 and a beta of 0.97. Safeguard Scientifics has a one-year minimum of $4.13 and a one-year maximum of $8.98.
Separately, StockNews.com kicked off coverage on Safeguard Scientifics in a report Wednesday. They set a “holding” rating for the company.
Several hedge funds have recently increased or reduced their stakes in the company. BlackRock Inc. increased its holdings of Safeguard Scientifics shares by 0.5% during the fourth quarter. BlackRock Inc. now owns 584,801 shares of the asset manager worth $4,298,000 after buying 3,173 additional shares in the last quarter. Two Sigma Investments LP increased its position in Safeguard Scientifics by 71.7% during the third quarter. Two Sigma Investments LP now owns 34,906 shares of the asset manager worth $310,000 after purchasing an additional 14,580 shares during the period. DE Shaw & Co. Inc. increased its stake in shares of Safeguard Scientifics by 60.9% during the 4th quarter. DE Shaw & Co. Inc. now owns 39,101 shares of the asset manager valued at $287,000 after purchasing an additional 14,797 shares in the last quarter. Susquehanna International Group LLP increased its equity stake in Safeguard Scientifics by 116.1% in Q4. Susquehanna International Group LLP now owns 22,581 shares of the asset manager valued at $166,000 after purchasing an additional 12,134 shares during the period. Finally, Millennium Management LLC purchased a new stake in shares of Safeguard Scientifics in the fourth quarter worth approximately $143,000. 69.12% 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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