Teachers Advisors LLC lowered its position in shares of Safeguard Scientifics, Inc. (NYSE:SFE) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,578 shares of the asset manager’s stock after selling 250 shares during the period. Teachers Advisors LLC’s holdings in Safeguard Scientifics were worth $452,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Perritt Capital Management Inc. bought a new position in shares of Safeguard Scientifics during the fourth quarter worth $319,000. Two Sigma Investments LP increased its position in shares of Safeguard Scientifics by 81.3% in the fourth quarter. Two Sigma Investments LP now owns 53,052 shares of the asset manager’s stock worth $714,000 after buying an additional 23,786 shares during the period. Renaissance Technologies LLC increased its position in shares of Safeguard Scientifics by 36.8% in the fourth quarter. Renaissance Technologies LLC now owns 235,717 shares of the asset manager’s stock worth $3,170,000 after buying an additional 63,417 shares during the period. Teton Advisors Inc. increased its position in shares of Safeguard Scientifics by 24.9% in the fourth quarter. Teton Advisors Inc. now owns 50,216 shares of the asset manager’s stock worth $675,000 after buying an additional 10,000 shares during the period. Finally, State Street Corp increased its position in shares of Safeguard Scientifics by 2.4% in the fourth quarter. State Street Corp now owns 347,275 shares of the asset manager’s stock worth $4,671,000 after buying an additional 8,253 shares during the period. Institutional investors own 76.66% of the company’s stock.
Safeguard Scientifics, Inc. (NYSE SFE) opened at 11.20 on Friday. The firm has a 50-day moving average of $11.50 and a 200 day moving average of $12.24. Safeguard Scientifics, Inc. has a 52-week low of $10.60 and a 52-week high of $14.38. The company’s market capitalization is $228.02 million.
Safeguard Scientifics (NYSE:SFE) last released its quarterly earnings data on Friday, April 28th. The asset manager reported ($1.08) EPS for the quarter, missing the consensus estimate of ($0.53) by $0.55. During the same quarter last year, the firm earned ($0.76) EPS. Equities analysts predict that Safeguard Scientifics, Inc. will post ($2.23) earnings per share for the current fiscal year.
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A number of brokerages recently weighed in on SFE. ValuEngine upgraded shares of Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of Safeguard Scientifics from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th.
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.
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