GSA Capital Partners LLP purchased a new stake in HFF Inc. (NYSE:HF) during the second quarter, Holdings Channel reports. The institutional investor purchased 8,874 shares of the company’s stock, valued at approximately $256,000.
Several other hedge funds and other institutional investors have also bought and sold shares of HF. Norges Bank acquired a new position in HFF during the fourth quarter valued at approximately $11,400,000. Glenmede Trust Co. NA increased its position in HFF by 22.3% in the first quarter. Glenmede Trust Co. NA now owns 90,563 shares of the company’s stock valued at $2,493,000 after buying an additional 16,522 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in HFF during the first quarter valued at approximately $280,000. Prudential Financial Inc. increased its position in HFF by 3.0% in the first quarter. Prudential Financial Inc. now owns 115,055 shares of the company’s stock valued at $3,167,000 after buying an additional 3,300 shares during the period. Finally, BlackRock Group LTD increased its position in HFF by 9.7% in the first quarter. BlackRock Group LTD now owns 41,205 shares of the company’s stock valued at $1,135,000 after buying an additional 3,639 shares during the period. 84.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HFF Inc. (NYSE:HF) traded up 3.16% during mid-day trading on Friday, hitting $27.79. 47,955 shares of the stock were exchanged. The firm has a market cap of $1.06 billion, a P/E ratio of 12.94 and a beta of 1.89. HFF Inc. has a 12 month low of $21.36 and a 12 month high of $37.75. The stock’s 50 day moving average is $27.01 and its 200 day moving average is $28.80.
HFF (NYSE:HF) last posted its earnings results on Monday, July 25th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.10. HFF had a net margin of 16.05% and a return on equity of 44.99%. Analysts expect that HFF Inc. will post $2.02 EPS for the current fiscal year.
Several research analysts have commented on HF shares. Zacks Investment Research downgraded shares of HFF from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th. TheStreet raised shares of HFF from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of HFF from $32.00 to $30.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 27th.
In related news, President Joe Thornton, Jr. sold 39,827 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $28.12, for a total transaction of $1,119,935.24. Following the sale, the president now owns 706,679 shares in the company, valued at approximately $19,871,813.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Gibson sold 17,849 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $29.54, for a total value of $527,259.46. Following the sale, the chief executive officer now owns 685,006 shares in the company, valued at approximately $20,235,077.24. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
HFF Company Profile
HFF, Inc is a provider of commercial real estate and capital markets services to both the users and providers of capital in the United States commercial real estate industry. The Company offers capital markets services, including debt placement; investment sales; distressed debt and real estate owned advisory services; equity placement; investment banking and advisory services; loan sales, and commercial loan servicing.
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