Renaissance Technologies LLC Has $2.95 Million Position in Safeguard Scientifics, Inc. (NYSE:SFE)
Renaissance Technologies LLC cut its position in shares of Safeguard Scientifics, Inc. (NYSE:SFE) by 1.5% during the first quarter, Holdings Channel reports. The institutional investor owned 232,282 shares of the asset manager’s stock after selling 3,435 shares during the period. Renaissance Technologies LLC’s holdings in Safeguard Scientifics were worth $2,950,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Safeguard Scientifics during the fourth quarter worth approximately $261,000. 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 in the last quarter. DnB Asset Management AS increased its position 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. First Manhattan Co. increased its position in shares of Safeguard Scientifics by 1.6% in the first quarter. First Manhattan Co. now owns 1,706,480 shares of the asset manager’s stock worth $22,115,000 after buying an additional 27,333 shares in the last quarter. Finally, Cubic Asset Management LLC increased its position in shares of 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 in the last quarter. 76.45% of the stock is owned by hedge funds and other institutional investors.
Shares of Safeguard Scientifics, Inc. (SFE) traded down 0.42% on Friday, reaching $11.80. The company had a trading volume of 69,497 shares. Safeguard Scientifics, Inc. has a 52-week low of $10.60 and a 52-week high of $14.34. The company has a 50-day moving average price of $12.02 and a 200-day moving average price of $12.08. The firm’s market capitalization is $240.87 million.
Safeguard Scientifics (NYSE:SFE) last posted its quarterly earnings data 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 last year, the company posted $1.92 earnings per share. Equities research analysts forecast that Safeguard Scientifics, Inc. will post ($3.49) EPS for the current fiscal year.
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SFE has been the subject of a number of analyst reports. Zacks Investment Research downgraded Safeguard Scientifics from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. ValuEngine downgraded Safeguard Scientifics from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 16th. Finally, BidaskClub raised Safeguard Scientifics from a “hold” rating to a “buy” rating in a report on Thursday, July 13th.
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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