Safeguard Scientifics, Inc. (SFE) Position Boosted by Vanguard Group Inc.
Vanguard Group Inc. increased its stake in shares of Safeguard Scientifics, Inc. (NYSE:SFE) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 828,897 shares of the asset manager’s stock after buying an additional 15,086 shares during the period. Vanguard Group Inc. owned approximately 4.07% of Safeguard Scientifics worth $10,528,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Ariel Investments LLC bought a new stake in Safeguard Scientifics during the first quarter valued at about $8,055,000. Henderson Group PLC bought a new stake in Safeguard Scientifics during the first quarter valued at about $2,426,000. Wellington Shields Capital Management LLC boosted its stake in Safeguard Scientifics by 60.9% in the first quarter. Wellington Shields Capital Management LLC now owns 63,128 shares of the asset manager’s stock valued at $802,000 after buying an additional 23,900 shares in the last quarter. Teton Advisors Inc. boosted its stake in Safeguard Scientifics by 38.4% in the first quarter. Teton Advisors Inc. now owns 69,524 shares of the asset manager’s stock valued at $883,000 after buying an additional 19,308 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in Safeguard Scientifics during the first quarter valued at about $216,000. 77.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Safeguard Scientifics, Inc. (NYSE SFE) traded down 1.23% during mid-day trading on Friday, hitting $12.05. 5,960 shares of the company’s stock were exchanged. The company’s market capitalization is $245.98 million. The firm has a 50 day moving average price of $12.06 and a 200-day moving average price of $12.05. Safeguard Scientifics, Inc. has a 52 week low of $10.60 and a 52 week high of $14.34.
Safeguard Scientifics (NYSE:SFE) last issued its earnings results on Thursday, July 27th. The asset manager reported ($1.43) EPS for the quarter, missing the consensus estimate of ($1.11) by $0.32. During the same period in the previous year, the company earned $1.92 earnings per share. On average, equities analysts anticipate that Safeguard Scientifics, Inc. will post ($3.49) EPS for the current year.
SFE has been the topic of several recent analyst reports. ValuEngine cut shares of Safeguard Scientifics from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 16th. Zacks Investment Research cut shares of Safeguard Scientifics from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. Finally, BidaskClub cut shares of Safeguard Scientifics from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th.
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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