Goldman Sachs Group Inc. reduced its stake in shares of Safeguard Scientifics, Inc. (NYSE:SFE) by 6.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,414 shares of the asset manager’s stock after selling 922 shares during the period. Goldman Sachs Group Inc. owned 0.07% of Safeguard Scientifics worth $172,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Voya Investment Management LLC raised its position in Safeguard Scientifics by 12.8% during the 2nd quarter. Voya Investment Management LLC now owns 16,710 shares of the asset manager’s stock worth $199,000 after purchasing an additional 1,896 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Safeguard Scientifics by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,147,008 shares of the asset manager’s stock worth $13,649,000 after acquiring an additional 71,379 shares in the last quarter. Citadel Advisors LLC raised its position in shares of Safeguard Scientifics by 173.6% in the 2nd quarter. Citadel Advisors LLC now owns 56,118 shares of the asset manager’s stock worth $668,000 after acquiring an additional 35,609 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Safeguard Scientifics by 3.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 17,132 shares of the asset manager’s stock worth $204,000 after acquiring an additional 513 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Safeguard Scientifics by 2.6% in the 2nd quarter. Northern Trust Corp now owns 264,458 shares of the asset manager’s stock worth $3,147,000 after acquiring an additional 6,757 shares in the last quarter. 77.33% of the stock is owned by institutional investors and hedge funds.

SFE has been the subject of several research analyst reports. ValuEngine raised Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Safeguard Scientifics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub lowered Safeguard Scientifics from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/goldman-sachs-group-inc-has-172000-position-in-safeguard-scientifics-inc-sfe/1719095.html.

Safeguard Scientifics, Inc. (NYSE:SFE) opened at $12.90 on Wednesday. Safeguard Scientifics, Inc. has a 12-month low of $10.65 and a 12-month high of $14.40. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45.

Safeguard Scientifics (NYSE:SFE) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported ($0.91) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.11) by $0.20. During the same period in the prior year, the business earned ($1.18) earnings per share. equities analysts predict that Safeguard Scientifics, Inc. will post -4.47 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding SFE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Safeguard Scientifics, Inc. (NYSE:SFE).

Institutional Ownership by Quarter for Safeguard Scientifics (NYSE:SFE)

Receive News & Ratings for Safeguard Scientifics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safeguard Scientifics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.