Thomas A. Satterfield, Jr. Acquires 48,032 Shares of Safeguard Scientifics, Inc. (NYSE:SFE) Stock

Posted by Defense World Staff on Apr 15th, 2023

Safeguard Scientifics, Inc. (NYSE:SFE – Get Rating) major shareholder Thomas A. Satterfield, Jr. purchased 48,032 shares of the firm’s stock in a transaction on Tuesday, April 11th. The shares were acquired at an average price of $1.53 per share, with a total value of $73,488.96. Following the completion of the acquisition, the insider now owns 356,700 shares in the company, valued at approximately $545,751. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Safeguard Scientifics Trading Up 5.1 %

Shares of Safeguard Scientifics stock opened at $1.85 on Friday. The business has a 50-day moving average price of $2.41 and a two-hundred day moving average price of $2.99. Safeguard Scientifics, Inc. has a 1-year low of $1.42 and a 1-year high of $4.90.

Safeguard Scientifics (NYSE:SFE – Get Rating) last released its quarterly earnings results on Thursday, March 9th. The asset manager reported ($0.30) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Safeguard Scientifics

Hedge funds have recently modified their holdings of the company. EJF Capital LLC raised its holdings in Safeguard Scientifics by 5.6% during the 1st quarter. EJF Capital LLC now owns 172,955 shares of the asset manager’s stock valued at $903,000 after acquiring an additional 9,151 shares during the period. State Street Corp raised its holdings in Safeguard Scientifics by 28.5% during the 1st quarter. State Street Corp now owns 18,054 shares of the asset manager’s stock valued at $94,000 after acquiring an additional 4,003 shares during the period. First Manhattan Co. raised its holdings in Safeguard Scientifics by 1.5% during the 1st quarter. First Manhattan Co. now owns 992,316 shares of the asset manager’s stock valued at $5,179,000 after acquiring an additional 14,260 shares during the period. Legal & General Group Plc raised its holdings in Safeguard Scientifics by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 95,711 shares of the asset manager’s stock valued at $357,000 after acquiring an additional 4,815 shares during the period. Finally, Yakira Capital Management Inc. raised its holdings in Safeguard Scientifics by 3.5% during the 4th quarter. Yakira Capital Management Inc. now owns 1,153,745 shares of the asset manager’s stock valued at $3,577,000 after acquiring an additional 39,180 shares during the period. Institutional investors own 50.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Safeguard Scientifics in a report on Friday. They set a “hold” rating for the company.

About Safeguard Scientifics

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Safeguard Scientifics, Inc engages in the provision capital to technology-driven businesses in healthcare, financial services, and digital media. The company was founded by Warren V. Musser and Frank A. Diamond in 1953 and is headquartered in Radnor, PA.