Yakira Capital Management buys $6,988,965 stake in Safeguard Scientifics Inc (SFE)

Safeguard Scientifics Inc (SFE) : Yakira Capital Management scooped up 3,498 additional shares in Safeguard Scientifics Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 491,143 shares of Safeguard Scientifics Inc which is valued at $6,988,965.Safeguard Scientifics Inc makes up approximately 2.66% of Yakira Capital Management’s portfolio.

Other Hedge Funds, Including , United Services Automobile Association boosted its stake in SFE in the latest quarter, The investment management firm added 83,700 additional shares and now holds a total of 227,688 shares of Safeguard Scientifics Inc which is valued at $3,240,000. Safeguard Scientifics Inc makes up approx 0.01% of United Services Automobile Association’s portfolio.California Public Employees Retirement System reduced its stake in SFE by selling 1,000 shares or 3.06% in the most recent quarter. The Hedge Fund company now holds 31,700 shares of SFE which is valued at $434,290.

Safeguard Scientifics Inc opened for trading at $14.18 and hit $14.23 on the upside on Tuesday, eventually ending the session at $14.16, with a gain of 0.35% or 0.05 points. The heightened volatility saw the trading volume jump to 34,326 shares. Company has a market cap of $286 M.

On the company’s financial health, Safeguard Scientifics Inc reported $1.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.47 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.45.During the same quarter in the previous year, the company posted $-0.91 EPS.

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.

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