Teton Advisors Inc. Sells 24,104 Shares of Safeguard Scientifics, Inc (SFE)

Teton Advisors Inc. cut its holdings in shares of Safeguard Scientifics, Inc (NYSE:SFE) by 46.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,920 shares of the asset manager’s stock after selling 24,104 shares during the period. Teton Advisors Inc.’s holdings in Safeguard Scientifics were worth $261,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SFE. SG Americas Securities LLC purchased a new stake in shares of Safeguard Scientifics in the 2nd quarter valued at approximately $141,000. Wells Fargo & Company MN lifted its position in shares of Safeguard Scientifics by 58.9% in the 1st quarter. Wells Fargo & Company MN now owns 24,192 shares of the asset manager’s stock valued at $296,000 after acquiring an additional 8,964 shares in the last quarter. Mycio Wealth Partners LLC purchased a new stake in shares of Safeguard Scientifics in the 2nd quarter valued at approximately $297,000. FNY Investment Advisers LLC purchased a new stake in shares of Safeguard Scientifics in the 2nd quarter valued at approximately $493,000. Finally, Millennium Management LLC lifted its position in shares of Safeguard Scientifics by 125.6% in the 1st quarter. Millennium Management LLC now owns 67,787 shares of the asset manager’s stock valued at $830,000 after acquiring an additional 37,739 shares in the last quarter. 72.38% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SFE opened at $8.52 on Wednesday. Safeguard Scientifics, Inc has a 52 week low of $8.24 and a 52 week high of $14.05. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.58 and a quick ratio of 2.58. The company has a market capitalization of $176.95 million, a P/E ratio of -1.96 and a beta of 1.18.

Safeguard Scientifics (NYSE:SFE) last released its earnings results on Thursday, October 25th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.05). On average, research analysts expect that Safeguard Scientifics, Inc will post -0.89 earnings per share for the current year.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Safeguard Scientifics from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Tuesday, July 31st. First Analysis downgraded shares of Safeguard Scientifics from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $18.00 to $17.00 in a research report on Thursday, July 26th. Finally, ValuEngine downgraded shares of Safeguard Scientifics from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.13.

ILLEGAL ACTIVITY WARNING: This piece of content was published by WKRB News and is the sole property of of WKRB News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.wkrb13.com/2018/11/07/teton-advisors-inc-sells-24104-shares-of-safeguard-scientifics-inc-sfe.html.

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.

Read More: Asset Allocation Models, Which is Right For You?

Want to see what other hedge funds are holding SFE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Safeguard Scientifics, Inc (NYSE:SFE).

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

Receive News & Ratings for Safeguard Scientifics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safeguard Scientifics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply