Safeguard Scientifics, Inc. (SFE) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in Safeguard Scientifics, Inc. (NYSE:SFE) by 9.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,432 shares of the asset manager’s stock after selling 1,876 shares during the period. Russell Investments Group Ltd. owned about 0.09% of Safeguard Scientifics worth $221,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Cubic Asset Management LLC raised its position in Safeguard Scientifics by 35.5% in the first quarter. Cubic Asset Management LLC now owns 160,985 shares of the asset manager’s stock worth $2,045,000 after buying an additional 42,145 shares during the last quarter. First Manhattan Co. raised its position in Safeguard Scientifics by 1.6% in the first quarter. First Manhattan Co. now owns 1,706,480 shares of the asset manager’s stock valued at $22,115,000 after buying an additional 27,333 shares during the last quarter. DnB Asset Management AS raised its position in Safeguard Scientifics by 16.7% in the first quarter. DnB Asset Management AS now owns 32,858 shares of the asset manager’s stock valued at $417,000 after buying an additional 4,700 shares during the last quarter. Two Sigma Investments LP raised its position in Safeguard Scientifics by 81.3% in the fourth quarter. Two Sigma Investments LP now owns 53,052 shares of the asset manager’s stock valued at $714,000 after buying an additional 23,786 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Safeguard Scientifics by 36.8% in the fourth quarter. Renaissance Technologies LLC now owns 235,717 shares of the asset manager’s stock valued at $3,170,000 after buying an additional 63,417 shares during the last quarter. Hedge funds and other institutional investors own 76.45% of the company’s stock.

Shares of Safeguard Scientifics, Inc. (NYSE:SFE) traded up 0.42% during midday trading on Tuesday, reaching $11.95. 17,831 shares of the company traded hands. Safeguard Scientifics, Inc. has a 12 month low of $10.60 and a 12 month high of $14.38. The stock’s market capitalization is $243.94 million. The company’s 50 day moving average is $11.93 and its 200-day moving average is $12.11.

Safeguard Scientifics (NYSE:SFE) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported ($1.43) EPS for the quarter, missing analysts’ consensus estimates of ($1.11) by $0.32. During the same period in the prior year, the business posted $1.92 earnings per share. Equities research analysts forecast that Safeguard Scientifics, Inc. will post ($3.49) earnings per share for the current fiscal year.

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Several equities analysts have weighed in on the stock. ValuEngine lowered shares of Safeguard Scientifics from a “sell” rating to a “strong sell” rating in a report on Monday. Zacks Investment Research downgraded shares of Safeguard Scientifics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of Safeguard Scientifics from a “buy” rating to a “hold” rating in a research note 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.

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

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