Safeguard Scientifics Inc(NYSE:SFE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Earnings per share were $1.73. Analysts had estimated an EPS of $1.47.
Safeguard Scientifics Inc (SFE) shares turned negative on Thursdays trading session with the shares closing down -0.07 points or -0.51% at a volume of 36,033. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.79. The peak price level was also seen at $13.79 while the days lowest was $13.42. Finally the shares closed at $13.63. The 52-week high of the shares is $18.78 while the 52-week low is $11.4. According to the latest information available, the market cap of the company is $275 M.
Several Insider Transactions has been reported to the SEC. On Aug 11, 2015, Stephen T Zarrilli (President & CEO) purchased 90 shares at $18.60 per share price.Also, On Jul 30, 2015, Andrew E Lietz (director) purchased 1,400 shares at $18.01 per share price.On Mar 10, 2015, Julie A Dobson (director) sold 12,498 shares at $18.26 per share price, according to the Form-4 filing with the securities and exchange commission.
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. It provides early-stage financing in amounts generally up to $1 million to young companies. It targets companies that operate in two sectors: Healthcare which includes companies focused on medical technology (MedTech) including diagnostics and devices and healthcare technology (HealthTech) and Technology which includes companies focused on digital media; financial technology (FinTech) and Enterprise 3.0 which includes mobile technology cloud the internet of things (IOT) and big data.