Investors Purchase High Volume of Safeguard Scientifics Call Options (NYSE:SFE)

Safeguard Scientifics, Inc (NYSE:SFE) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 664 call options on the company. This is an increase of 797% compared to the typical daily volume of 74 call options.

NYSE:SFE opened at $12.69 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.06. Safeguard Scientifics has a 52 week low of $7.98 and a 52 week high of $13.60. The firm has a market capitalization of $252.68 million, a PE ratio of -16.70 and a beta of 0.93.

Safeguard Scientifics (NYSE:SFE) last posted its quarterly earnings data on Thursday, May 2nd. The asset manager reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.25. Equities research analysts forecast that Safeguard Scientifics will post 1.37 earnings per share for the current year.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Safeguard Scientifics from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a report on Tuesday, May 7th. ValuEngine lowered shares of Safeguard Scientifics from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.

Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Safeguard Scientifics by 227.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,033 shares of the asset manager’s stock valued at $44,000 after purchasing an additional 2,803 shares during the last quarter. Requisite Energy Fund I LP bought a new stake in shares of Safeguard Scientifics in the 4th quarter valued at $97,000. JPMorgan Chase & Co. boosted its stake in shares of Safeguard Scientifics by 118.1% in the 1st quarter. JPMorgan Chase & Co. now owns 12,052 shares of the asset manager’s stock valued at $131,000 after purchasing an additional 6,525 shares during the last quarter. Salzhauer Michael boosted its stake in shares of Safeguard Scientifics by 29.1% in the 1st quarter. Salzhauer Michael now owns 20,405 shares of the asset manager’s stock valued at $221,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Safeguard Scientifics by 18.7% in the 1st quarter. Wells Fargo & Company MN now owns 24,485 shares of the asset manager’s stock valued at $265,000 after purchasing an additional 3,851 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

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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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