Zacks Investment Research Downgrades Safeguard Scientifics, Inc (SFE) to Hold

Zacks Investment Research lowered shares of Safeguard Scientifics, Inc (NYSE:SFE) from a buy rating to a hold rating in a research report released on Friday morning, Marketbeat.com reports.

According to Zacks, “Safeguard Scientifics, Inc. is a diversified information technology company that develops, operates and manages emerging growth information technology companies. The company is currently focusing on emerging opportunities in eCommerce, enterprise applications, and network infrastructure, all of which are expected to benefit from the growing use of the Internet as a fundamental business tool. The company works closely with our partnership companies to provide numerous operational and management services to build value in preparation for public rights offerings and beyond. “

Shares of Safeguard Scientifics (NYSE:SFE) opened at 12.71 on Friday. Safeguard Scientifics has a 1-year low of $11.40 and a 1-year high of $19.94. The company’s market capitalization is $262.45 million. The stock has a 50 day moving average price of $12.36 and a 200 day moving average price of $15.32.

Other institutional investors recently added to or reduced their stakes in the company. American Research & Management Co. raised its position in Safeguard Scientifics by 7.0% in the fourth quarter. American Research & Management Co. now owns 145,916 shares of the company’s stock worth $2,117,000 after buying an additional 9,500 shares during the last quarter. DNB Asset Management raised its position in Safeguard Scientifics by 20.4% in the fourth quarter. DNB Asset Management now owns 28,358 shares of the company’s stock worth $411,475 after buying an additional 4,800 shares during the last quarter. Goodman Financial Corp raised its position in Safeguard Scientifics by 3.5% in the fourth quarter. Goodman Financial Corp now owns 243,747 shares of the company’s stock worth $3,537,000 after buying an additional 8,343 shares during the last quarter. Bank of Montreal Can raised its position in Safeguard Scientifics by 3.7% in the fourth quarter. Bank of Montreal Can now owns 542,390 shares of the company’s stock worth $7,870,000 after buying an additional 19,168 shares during the last quarter. Finally, Heartland Advisors Inc. bought a new position in Safeguard Scientifics during the fourth quarter worth $4,353,000.

Safeguard Scientifics, Inc provides capital, as well as strategic, operational and management resources. Safeguard participates in growth and expansion financings and early-stage financings. The Company operates in two reportable segments: Healthcare and Technology. It focuses on companies with initial capital requirements between $5 million and $15 million, and follow-on financing needs of between $5 million and $10 million, with a total anticipated deployment of up to $25 million from it.

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