Safeguard Scientifics, Inc. (NYSE:SFE – Get Rating) major shareholder Thomas A. Satterfield, Jr. acquired 26,209 shares of the stock in a transaction on Tuesday, June 21st. The shares were purchased at an average price of $3.68 per share, with a total value of $96,449.12. Following the completion of the transaction, the insider now owns 644,506 shares of the company’s stock, valued at $2,371,782.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Safeguard Scientifics stock traded down $0.26 during trading on Thursday, hitting $3.85. The company’s stock had a trading volume of 4,348 shares, compared to its average volume of 35,777. Safeguard Scientifics, Inc. has a 52 week low of $3.32 and a 52 week high of $8.98. The stock has a market cap of $64.01 million, a price-to-earnings ratio of -82.20 and a beta of 1.05. The stock has a 50-day moving average price of $4.06 and a two-hundred day moving average price of $5.43.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Safeguard Scientifics by 0.5% in the third quarter. BlackRock Inc. now owns 581,628 shares of the asset manager’s stock worth $5,166,000 after purchasing an additional 2,756 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Safeguard Scientifics by 1.7% in the third quarter. Geode Capital Management LLC now owns 180,517 shares of the asset manager’s stock worth $1,602,000 after purchasing an additional 2,974 shares during the last quarter. State Street Corp grew 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’s stock worth $94,000 after purchasing an additional 4,003 shares during the last quarter. Byrne Asset Management LLC grew its stake in shares of Safeguard Scientifics by 261.0% in the first quarter. Byrne Asset Management LLC now owns 7,862 shares of the asset manager’s stock worth $41,000 after purchasing an additional 5,684 shares during the last quarter. Finally, EJF Capital LLC grew 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’s stock worth $903,000 after purchasing an additional 9,151 shares during the last quarter. 60.59% of the stock is currently owned by institutional investors.
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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