Perritt Capital Management Inc. Lowers Stock Position in Safeguard Scientifics, Inc (NYSE:SFE)
Perritt Capital Management Inc. lessened its holdings in Safeguard Scientifics, Inc (NYSE:SFE) by 9.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 98,050 shares of the asset manager’s stock after selling 10,000 shares during the period. Perritt Capital Management Inc. owned about 0.48% of Safeguard Scientifics worth $1,183,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in Safeguard Scientifics by 272.3% in the second quarter. Captrust Financial Advisors now owns 3,008 shares of the asset manager’s stock worth $36,000 after buying an additional 2,200 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Safeguard Scientifics by 1.9% in the 2nd quarter. Northern Trust Corp now owns 249,089 shares of the asset manager’s stock valued at $3,007,000 after acquiring an additional 4,704 shares during the period. Renaissance Technologies LLC raised its position in shares of Safeguard Scientifics by 13.8% in the 2nd quarter. Renaissance Technologies LLC now owns 233,800 shares of the asset manager’s stock worth $2,822,000 after acquiring an additional 28,400 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Safeguard Scientifics by 3.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 116,664 shares of the asset manager’s stock worth $1,409,000 after acquiring an additional 3,520 shares in the last quarter. Finally, Spears Abacus Advisors LLC purchased a new stake in shares of Safeguard Scientifics during the 2nd quarter worth $202,000. Hedge funds and other institutional investors own 67.98% of the company’s stock.
Shares of NYSE:SFE traded up $0.32 during trading on Wednesday, reaching $12.49. The stock had a trading volume of 5,939 shares, compared to its average volume of 81,974. Safeguard Scientifics, Inc has a one year low of $7.98 and a one year high of $12.91. The company has a market capitalization of $255.89 million, a P/E ratio of -16.47 and a beta of 0.87. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.02. The firm’s 50-day simple moving average is $11.86 and its 200 day simple moving average is $11.56.
Separately, ValuEngine upgraded Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 8th.
About Safeguard Scientifics
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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