Safeguard Scientifics, Inc (NYSE:SFE) Short Interest Update

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Safeguard Scientifics, Inc (NYSE:SFE) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 688,100 shares, an increase of 16.2% from the July 15th total of 592,200 shares. Approximately 3.4% of the company’s shares are sold short. Based on an average daily volume of 67,200 shares, the short-interest ratio is presently 10.2 days.

NYSE:SFE traded down $0.16 during mid-day trading on Tuesday, reaching $11.92. 64,414 shares of the company’s stock traded hands, compared to its average volume of 69,898. The company has a 50 day moving average price of $11.76 and a 200-day moving average price of $11.43. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $246.39 million, a price-to-earnings ratio of -15.68 and a beta of 0.87. Safeguard Scientifics has a 12-month low of $7.98 and a 12-month high of $12.91.

Safeguard Scientifics (NYSE:SFE) last posted its quarterly earnings data on Thursday, August 8th. The asset manager reported $1.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.85) by $2.60. As a group, analysts forecast that Safeguard Scientifics will post 1.71 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. NJ State Employees Deferred Compensation Plan boosted its position in Safeguard Scientifics by 4.6% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 22,833 shares of the asset manager’s stock valued at $275,000 after acquiring an additional 1,000 shares in the last quarter. Bank of Montreal Can boosted its position in Safeguard Scientifics by 0.3% during the 2nd quarter. Bank of Montreal Can now owns 516,582 shares of the asset manager’s stock valued at $6,235,000 after acquiring an additional 1,637 shares in the last quarter. Cubic Asset Management LLC boosted its position in Safeguard Scientifics by 2.6% during the 1st quarter. Cubic Asset Management LLC now owns 82,975 shares of the asset manager’s stock valued at $900,000 after acquiring an additional 2,125 shares in the last quarter. Captrust Financial Advisors boosted its position in Safeguard Scientifics by 272.3% during the 2nd quarter. Captrust Financial Advisors now owns 3,008 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Morgan Stanley boosted its position in Safeguard Scientifics by 15.2% during the 2nd quarter. Morgan Stanley now owns 19,979 shares of the asset manager’s stock valued at $241,000 after acquiring an additional 2,630 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on SFE shares. ValuEngine upgraded Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Zacks Investment Research upgraded Safeguard Scientifics from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a report on Tuesday, May 7th.

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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