Published on 20 Oct 2020 on Insider Monkey via Yahoo Finance

Here is What Hedge Funds Think About Safeguard Scientifics, Inc (SFE)

In this article you are going to find out whether hedge funds think Safeguard Scientifics, Inc (NYSE:SFE) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk attributes. It's not surprising given that hedge funds have access to better information and more resources to predict the winners in the stock market.

Is Safeguard Scientifics, Inc (NYSE:SFE) a bargain? The smart money was turning less bullish. The number of bullish hedge fund bets fell by 4 in recent months. Safeguard Scientifics, Inc (NYSE:SFE) was in 6 hedge funds' portfolios at the end of the third quarter of 2020. The all time high for this statistics is 13. Our calculations also showed that SFE isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video for a quick look at the top 5 stocks). There were 10 hedge funds in our database with SFE holdings at the end of June.