Salzhauer Michael decreased its position in Safeguard Scientifics, Inc. (NYSE:SFE) by 33.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,623 shares of the asset manager’s stock after selling 6,277 shares during the period. Salzhauer Michael owned approximately 0.06% of Safeguard Scientifics worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Safeguard Scientifics by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,819 shares of the asset manager’s stock valued at $1,212,000 after buying an additional 469 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Safeguard Scientifics by 3.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 17,132 shares of the asset manager’s stock valued at $204,000 after buying an additional 513 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Safeguard Scientifics by 0.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 87,327 shares of the asset manager’s stock valued at $1,040,000 after buying an additional 570 shares during the last quarter. American International Group Inc. raised its stake in shares of Safeguard Scientifics by 7.2% during the 1st quarter. American International Group Inc. now owns 12,407 shares of the asset manager’s stock valued at $158,000 after buying an additional 833 shares during the last quarter. Finally, Nationwide Fund Advisors grew its position in shares of Safeguard Scientifics by 7.6% during the 2nd quarter. Nationwide Fund Advisors now owns 14,195 shares of the asset manager’s stock valued at $169,000 after acquiring an additional 1,006 shares during the period. Institutional investors own 76.29% of the company’s stock.

Safeguard Scientifics, Inc. (NYSE SFE) traded up $0.05 during trading hours on Wednesday, hitting $12.60. The stock had a trading volume of 80,000 shares, compared to its average volume of 62,824. Safeguard Scientifics, Inc. has a 52-week low of $10.65 and a 52-week high of $14.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

Safeguard Scientifics (NYSE:SFE) last posted its earnings results on Thursday, October 26th. The asset manager reported ($0.91) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.11) by $0.20. During the same period last year, the firm earned ($1.18) EPS. analysts expect that Safeguard Scientifics, Inc. will post -4.47 EPS for the current fiscal year.

SFE has been the topic of a number of analyst reports. ValuEngine upgraded Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research cut Safeguard Scientifics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.

TRADEMARK VIOLATION NOTICE: “Safeguard Scientifics, Inc. (SFE) Shares Sold by Salzhauer Michael” was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/safeguard-scientifics-inc-sfe-shares-sold-by-salzhauer-michael/1733245.html.

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.

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.