Wells Fargo & Company MN increased its position in Safeguard Scientifics, Inc. (NYSE:SFE) by 5.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,951 shares of the asset manager’s stock after buying an additional 791 shares during the period. Wells Fargo & Company MN’s holdings in Safeguard Scientifics were worth $203,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Safeguard Scientifics by 36.8% in the fourth quarter. Renaissance Technologies LLC now owns 235,717 shares of the asset manager’s stock worth $3,170,000 after buying an additional 63,417 shares during the last quarter. Cubic Asset Management LLC raised its position in shares of Safeguard Scientifics by 35.5% in the first quarter. Cubic Asset Management LLC now owns 160,985 shares of the asset manager’s stock worth $2,045,000 after buying an additional 42,145 shares during the last quarter. First Manhattan Co. raised its position in shares of Safeguard Scientifics by 1.6% in the first quarter. First Manhattan Co. now owns 1,706,480 shares of the asset manager’s stock worth $22,115,000 after buying an additional 27,333 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Safeguard Scientifics by 81.3% in the fourth quarter. Two Sigma Investments LP now owns 53,052 shares of the asset manager’s stock worth $714,000 after buying an additional 23,786 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Safeguard Scientifics during the fourth quarter worth $261,000. 76.66% of the stock is owned by hedge funds and other institutional investors.
Safeguard Scientifics, Inc. (NYSE SFE) opened at 12.35 on Friday. The company has a 50-day moving average of $11.78 and a 200-day moving average of $12.19. Safeguard Scientifics, Inc. has a 52 week low of $10.60 and a 52 week high of $14.38. The firm’s market capitalization is $251.43 million.
Safeguard Scientifics (NYSE:SFE) last posted its quarterly earnings results on Friday, April 28th. The asset manager reported ($1.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by $0.55. During the same period last year, the business posted ($0.76) EPS. On average, equities analysts forecast that Safeguard Scientifics, Inc. will post ($2.24) earnings per share for the current fiscal year.
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SFE has been the subject of a number of research analyst reports. ValuEngine lowered shares of Safeguard Scientifics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 16th. Zacks Investment Research lowered shares of Safeguard Scientifics from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Finally, BidaskClub raised shares of Safeguard Scientifics from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th.
About Safeguard Scientifics
Safeguard Scientifics, Inc is engaged in providing capital to technology companies within the fields of healthcare, financial services and digital media. The Company holds interest in companies, which it refers to as partner companies. As of December 31, 2016, the Company held interests in 29 non-consolidated partner companies.
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