NJ State Employees Deferred Compensation Plan Has $275,000 Stock Position in Safeguard Scientifics, Inc (NYSE:SFE)

NJ State Employees Deferred Compensation Plan lifted its stake in Safeguard Scientifics, Inc (NYSE:SFE) by 4.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,833 shares of the asset manager’s stock after purchasing an additional 1,000 shares during the quarter. NJ State Employees Deferred Compensation Plan owned 0.11% of Safeguard Scientifics worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Cubic Asset Management LLC boosted its position in shares of Safeguard Scientifics by 2.6% in the 1st quarter. Cubic Asset Management LLC now owns 82,975 shares of the asset manager’s stock valued at $900,000 after purchasing an additional 2,125 shares during the period. BNP Paribas Arbitrage SA boosted its position in Safeguard Scientifics by 227.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,033 shares of the asset manager’s stock worth $44,000 after acquiring an additional 2,803 shares during the period. Salzhauer Michael boosted its position in Safeguard Scientifics by 29.1% during the 1st quarter. Salzhauer Michael now owns 20,405 shares of the asset manager’s stock worth $221,000 after acquiring an additional 4,600 shares during the period. Legal & General Group Plc boosted its position in Safeguard Scientifics by 5.2% during the 4th quarter. Legal & General Group Plc now owns 92,286 shares of the asset manager’s stock worth $796,000 after acquiring an additional 4,603 shares during the period. Finally, Bank of Montreal Can boosted its position in Safeguard Scientifics by 1.5% during the 1st quarter. Bank of Montreal Can now owns 514,945 shares of the asset manager’s stock worth $5,587,000 after acquiring an additional 7,474 shares during the period. Institutional investors and hedge funds own 68.50% of the company’s stock.

Shares of SFE traded down $0.22 during midday trading on Monday, reaching $11.08. 16,059 shares of the stock were exchanged, compared to its average volume of 64,298. Safeguard Scientifics, Inc has a 12-month low of $7.98 and a 12-month high of $12.91. The business has a 50 day simple moving average of $11.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $232.52 million, a P/E ratio of -14.58 and a beta of 0.87.

Safeguard Scientifics (NYSE:SFE) last posted its quarterly earnings results on Thursday, May 2nd. The asset manager reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.25. As a group, sell-side analysts predict that Safeguard Scientifics, Inc will post 1.37 earnings per share for the current year.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Safeguard Scientifics from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research report on Tuesday, May 7th. ValuEngine lowered Safeguard Scientifics from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 27th.

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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Institutional Ownership by Quarter for Safeguard Scientifics (NYSE:SFE)

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