Parametric Portfolio Associates LLC Has $211,000 Stake in Safeguard Scientifics, Inc. (NYSE:SFE)
Parametric Portfolio Associates LLC boosted its stake in Safeguard Scientifics, Inc. (NYSE:SFE) by 58.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,619 shares of the asset manager’s stock after buying an additional 6,163 shares during the period. Parametric Portfolio Associates LLC’s holdings in Safeguard Scientifics were worth $211,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of SFE. Wells Fargo & Company MN raised its stake in shares of Safeguard Scientifics by 5.2% in the first quarter. Wells Fargo & Company MN now owns 15,951 shares of the asset manager’s stock worth $203,000 after buying an additional 791 shares in the last quarter. Emerald Advisers Inc. PA raised its stake in shares of Safeguard Scientifics by 20.2% in the first quarter. Emerald Advisers Inc. PA now owns 17,623 shares of the asset manager’s stock worth $224,000 after buying an additional 2,962 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Safeguard Scientifics during the fourth quarter worth approximately $261,000. US Bancorp DE raised its stake in shares of Safeguard Scientifics by 16.4% in the first quarter. US Bancorp DE now owns 27,000 shares of the asset manager’s stock worth $343,000 after buying an additional 3,800 shares in the last quarter. Finally, DnB Asset Management AS raised its stake in shares of Safeguard Scientifics by 16.7% in the first quarter. DnB Asset Management AS now owns 32,858 shares of the asset manager’s stock worth $417,000 after buying an additional 4,700 shares in the last quarter. 76.45% of the stock is currently owned by institutional investors and hedge funds.
Safeguard Scientifics, Inc. (SFE) opened at 11.90 on Tuesday. Safeguard Scientifics, Inc. has a 52-week low of $10.60 and a 52-week high of $14.38. The firm’s 50-day moving average is $11.93 and its 200-day moving average is $12.11. The firm’s market capitalization is $242.91 million.
Safeguard Scientifics (NYSE:SFE) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported ($1.43) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.11) by $0.32. During the same period in the prior year, the company posted $1.92 earnings per share. On average, equities analysts expect that Safeguard Scientifics, Inc. will post ($3.49) earnings per share for the current year.
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A number of equities research analysts have commented on SFE shares. BidaskClub raised shares of Safeguard Scientifics from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Safeguard Scientifics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, ValuEngine upgraded shares of Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd.
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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