The Manufacturers Life Insurance Company lifted its stake in Safeguard Scientifics, Inc. (NYSE:SFE) by 13.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,573 shares of the asset manager’s stock after purchasing an additional 2,625 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.11% of Safeguard Scientifics worth $256,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SFE. KBC Group NV lifted its stake in shares of Safeguard Scientifics by 41.3% during the 2nd quarter. KBC Group NV now owns 13,351 shares of the asset manager’s stock worth $159,000 after acquiring an additional 3,904 shares during the last quarter. Nationwide Fund Advisors lifted its stake 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 worth $169,000 after acquiring an additional 1,006 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Safeguard Scientifics by 27.4% during the 2nd quarter. Alliancebernstein L.P. now owns 14,430 shares of the asset manager’s stock worth $172,000 after acquiring an additional 3,100 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Safeguard Scientifics by 12.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,336 shares of the asset manager’s stock worth $195,000 after acquiring an additional 1,754 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of 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 acquiring an additional 1,896 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Shares of Safeguard Scientifics, Inc. (NYSE:SFE) traded down $0.10 during mid-day trading on Thursday, hitting $11.90. The company had a trading volume of 36,800 shares, compared to its average volume of 64,688. 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 current ratio of 1.03 and a quick ratio of 1.03.

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

A number of equities research analysts recently issued reports on SFE shares. ValuEngine raised Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research raised Safeguard Scientifics from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Keefe, Bruyette & Woods reissued a “mkt perform” rating and set a $13.25 price target on shares of Safeguard Scientifics in a research note on Wednesday.

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Safeguard Scientifics 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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