Nationwide Fund Advisors increased its position in shares of Safeguard Scientifics, Inc. (NYSE:SFE) by 7.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,195 shares of the asset manager’s stock after purchasing an additional 1,006 shares during the period. Nationwide Fund Advisors owned 0.07% of Safeguard Scientifics worth $169,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SFE. Wells Fargo & Company MN increased its holdings in Safeguard Scientifics by 5.2% in the 1st quarter. Wells Fargo & Company MN now owns 15,951 shares of the asset manager’s stock valued at $203,000 after acquiring an additional 791 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Safeguard Scientifics by 2.8% in the 1st quarter. Bank of New York Mellon Corp now owns 101,350 shares of the asset manager’s stock valued at $1,288,000 after acquiring an additional 2,774 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Safeguard Scientifics by 58.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 16,619 shares of the asset manager’s stock valued at $211,000 after acquiring an additional 6,163 shares during the last quarter. Prudential Financial Inc. bought a new stake in Safeguard Scientifics in the 1st quarter valued at $216,000. Finally, American International Group Inc. increased its holdings in Safeguard Scientifics by 7.2% in the 1st quarter. American International Group Inc. now owns 12,407 shares of the asset manager’s stock valued at $158,000 after acquiring an additional 833 shares during the last quarter. Institutional investors own 77.91% of the company’s stock.
A number of brokerages have issued reports on SFE. Zacks Investment Research upgraded shares of Safeguard Scientifics from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday, November 2nd. ValuEngine downgraded shares of Safeguard Scientifics from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, BidaskClub downgraded shares of Safeguard Scientifics from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th.
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Shares of Safeguard Scientifics, Inc. (NYSE:SFE) opened at $12.60 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. Safeguard Scientifics, Inc. has a fifty-two week low of $10.65 and a fifty-two week high of $14.40.
Safeguard Scientifics (NYSE:SFE) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported ($0.91) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.11) by $0.20. During the same quarter in the prior year, the company earned ($1.18) earnings per share. analysts forecast that Safeguard Scientifics, Inc. will post -4.47 EPS for the current year.
Safeguard Scientifics Company Profile
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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