Royal Bank of Canada lowered its stake in Safeguard Scientifics, Inc. (NYSE:SFE) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 949,912 shares of the asset manager’s stock after selling 2,901 shares during the period. Royal Bank of Canada owned approximately 4.65% of Safeguard Scientifics worth $11,304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in 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 acquiring an additional 791 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Safeguard Scientifics by 12.9% in the first 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 in the last quarter. Vanguard Group Inc. grew its position in Safeguard Scientifics by 1.9% in the first quarter. Vanguard Group Inc. now owns 828,897 shares of the asset manager’s stock worth $10,528,000 after acquiring an additional 15,086 shares in the last quarter. Geode Capital Management LLC grew its position in Safeguard Scientifics by 4.8% in the first quarter. Geode Capital Management LLC now owns 146,721 shares of the asset manager’s stock worth $1,863,000 after acquiring an additional 6,742 shares in the last quarter. Finally, Salzhauer Michael grew its position in Safeguard Scientifics by 73.4% in the second quarter. Salzhauer Michael now owns 18,900 shares of the asset manager’s stock worth $225,000 after acquiring an additional 8,000 shares in the last quarter. Institutional investors own 77.59% of the company’s stock.

Safeguard Scientifics, Inc. (SFE) opened at 14.15 on Monday. Safeguard Scientifics, Inc. has a 12 month low of $10.60 and a 12 month high of $14.30. The firm’s 50 day moving average price is $13.01 and its 200 day moving average price is $12.17. The stock’s market cap is $288.84 million.

Safeguard Scientifics (NYSE:SFE) last posted its quarterly earnings results on Thursday, July 27th. The asset manager reported ($1.43) earnings per share for the quarter, missing the consensus estimate of ($1.11) by ($0.32). During the same quarter last year, the firm earned $1.92 EPS. On average, equities research analysts predict that Safeguard Scientifics, Inc. will post ($3.49) EPS for the current fiscal year.

Several research analysts recently commented on SFE shares. ValuEngine upgraded Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Safeguard Scientifics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub lowered Safeguard Scientifics from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th.

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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.

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

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