State Board of Administration of Florida Retirement System Continues to Hold Position in Safeguard Scientifics Inc. (SFE)
State Board of Administration of Florida Retirement System held its stake in shares of Safeguard Scientifics Inc. (NYSE:SFE) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,724 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned 0.14% of Safeguard Scientifics worth $346,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in SFE. KBC Group NV boosted its stake in Safeguard Scientifics by 112.7% in the second quarter. KBC Group NV now owns 8,465 shares of the company’s stock valued at $106,000 after buying an additional 4,486 shares in the last quarter. LaSalle Street Capital Management LLC boosted its stake in Safeguard Scientifics by 2.5% in the second quarter. LaSalle Street Capital Management LLC now owns 11,714 shares of the company’s stock valued at $146,000 after buying an additional 287 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Safeguard Scientifics during the second quarter valued at approximately $616,000. Keane Capital Partners LLC acquired a new stake in Safeguard Scientifics during the first quarter valued at approximately $1,132,000. Finally, Bank of New York Mellon Corp boosted its stake in Safeguard Scientifics by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 85,765 shares of the company’s stock valued at $1,071,000 after buying an additional 2,448 shares in the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.
Safeguard Scientifics Inc. (NYSE:SFE) traded up 0.31% during mid-day trading on Wednesday, reaching $13.13. The company had a trading volume of 11,230 shares. Safeguard Scientifics Inc. has a 52-week low of $11.40 and a 52-week high of $18.07. The stock’s market capitalization is $265.54 million. The company’s 50 day moving average is $13.43 and its 200 day moving average is $13.32.
Safeguard Scientifics (NYSE:SFE) last released its earnings results on Thursday, July 28th. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.45. During the same period last year, the company earned ($0.91) EPS. Equities analysts predict that Safeguard Scientifics Inc. will post $0.24 earnings per share for the current year.
Separately, Zacks Investment Research upgraded Safeguard Scientifics from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday.
In other news, CEO Stephen T. Zarrilli bought 3,900 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were acquired at an average cost of $12.75 per share, with a total value of $49,725.00. Following the completion of the transaction, the chief executive officer now directly owns 103,606 shares in the company, valued at $1,320,976.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.67% of the company’s stock.
Safeguard Scientifics Company Profile
Safeguard Scientifics, Inc provides capital, as well as strategic, operational and management resources to growth-stage businesses. The Company participates in early- and growth-stage financings. The Company operates through two segments: Healthcare and Technology. The Healthcare segment’s companies focuses principally on medical technology (MedTech), including diagnostics and devices, and healthcare technology (HealthTech).
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