Wells Fargo & Company MN boosted its stake in shares of Safeguard Scientifics, Inc. (NYSE:SFE) by 26.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,133 shares of the asset manager’s stock after purchasing an additional 4,182 shares during the period. Wells Fargo & Company MN owned 0.10% of Safeguard Scientifics worth $240,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American International Group Inc. boosted its position in Safeguard Scientifics by 7.2% during the first quarter. American International Group Inc. now owns 12,407 shares of the asset manager’s stock valued at $158,000 after purchasing an additional 833 shares during the last quarter. KBC Group NV boosted its position in Safeguard Scientifics by 41.3% during the second quarter. KBC Group NV now owns 13,351 shares of the asset manager’s stock valued at $159,000 after purchasing an additional 3,904 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Safeguard Scientifics by 12.9% during the first quarter. Goldman Sachs Group Inc. now owns 15,336 shares of the asset manager’s stock valued at $195,000 after purchasing an additional 1,754 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Safeguard Scientifics by 58.9% during the first quarter. Parametric Portfolio Associates LLC now owns 16,619 shares of the asset manager’s stock valued at $211,000 after purchasing an additional 6,163 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in Safeguard Scientifics during the first quarter valued at approximately $216,000. 77.33% of the stock is owned by hedge funds and other institutional investors.

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Several analysts have issued reports on the company. ValuEngine upgraded Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub lowered Safeguard Scientifics from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered Safeguard Scientifics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

Safeguard Scientifics, Inc. (NYSE SFE) opened at $12.55 on Tuesday. 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, Inc. has a 52 week low of $10.65 and a 52 week high of $14.40.

Safeguard Scientifics (NYSE:SFE) last announced its earnings results on Thursday, October 26th. The asset manager reported ($0.91) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.11) by $0.20. During the same period in the prior year, the business posted ($1.18) EPS. research analysts anticipate that Safeguard Scientifics, Inc. will post -4.47 earnings per share 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.

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

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