50,000 Shares in Safeguard Scientifics, Inc (NYSE:SFE) Purchased by Rock Creek Group LP

Rock Creek Group LP bought a new position in shares of Safeguard Scientifics, Inc (NYSE:SFE) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 50,000 shares of the asset manager’s stock, valued at approximately $604,000. Rock Creek Group LP owned approximately 0.24% of Safeguard Scientifics as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in shares of Safeguard Scientifics by 272.3% in the 2nd quarter. Captrust Financial Advisors now owns 3,008 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 2,200 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Safeguard Scientifics by 227.9% during the first quarter. BNP Paribas Arbitrage SA now owns 4,033 shares of the asset manager’s stock worth $44,000 after buying an additional 2,803 shares during the last quarter. Spears Abacus Advisors LLC acquired a new position in Safeguard Scientifics during the second quarter worth $202,000. Salzhauer Michael increased its holdings in Safeguard Scientifics by 29.1% during the first quarter. Salzhauer Michael now owns 20,405 shares of the asset manager’s stock worth $221,000 after buying an additional 4,600 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan increased its holdings in Safeguard Scientifics by 4.6% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 22,833 shares of the asset manager’s stock worth $275,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 67.98% of the company’s stock.

Separately, ValuEngine raised shares of Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th.

Shares of Safeguard Scientifics stock traded down $0.21 on Wednesday, hitting $12.41. The stock had a trading volume of 1,733 shares, compared to its average volume of 89,251. The stock has a 50 day moving average of $11.96 and a 200 day moving average of $11.63. Safeguard Scientifics, Inc has a twelve month low of $7.98 and a twelve month high of $12.91. The firm has a market capitalization of $259.60 million, a P/E ratio of -16.29 and a beta of 0.87. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.97 and a current ratio of 1.97.

Safeguard Scientifics (NYSE:SFE) last posted its quarterly earnings results on Thursday, August 8th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.85) by $2.60. Equities analysts expect that Safeguard Scientifics, Inc will post 1.71 earnings per share for the current year.

Safeguard Scientifics 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.

Further Reading: Quick Ratio

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

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