PineBridge Investments L.P. increased its position in shares of HFF Inc. (NYSE:HF) by 4.1% during the second quarter, Holdings Channel reports. The fund owned 4,395 shares of the company’s stock after buying an additional 172 shares during the period. PineBridge Investments L.P.’s holdings in HFF were worth $127,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC acquired a new stake in shares of HFF during the first quarter valued at about $50,143,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of HFF by 22.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,463,565 shares of the company’s stock valued at $100,028,000 after buying an additional 643,725 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of HFF by 7,978.1% in the first quarter. Goldman Sachs Group Inc. now owns 636,314 shares of the company’s stock valued at $17,518,000 after buying an additional 628,437 shares in the last quarter. Norges Bank acquired a new stake in shares of HFF during the fourth quarter valued at about $11,400,000. Finally, JPMorgan Chase & Co. raised its stake in shares of HFF by 20.7% in the first quarter. JPMorgan Chase & Co. now owns 1,916,344 shares of the company’s stock valued at $52,758,000 after buying an additional 328,304 shares in the last quarter. 84.96% of the stock is owned by institutional investors and hedge funds.
HFF Inc. (NYSE:HF) opened at 26.52 on Wednesday. The company has a market cap of $1.01 billion, a P/E ratio of 12.35 and a beta of 1.71. The stock’s 50 day moving average price is $26.96 and its 200 day moving average price is $28.80. HFF Inc. has a 1-year low of $21.36 and a 1-year high of $37.75.
HFF (NYSE:HF) last released its quarterly earnings results on Monday, July 25th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.10. HFF had a net margin of 16.05% and a return on equity of 44.99%. On average, equities analysts anticipate that HFF Inc. will post $2.02 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on HF. Keefe, Bruyette & Woods decreased their target price on HFF from $32.00 to $30.00 and set a “market perform” rating for the company in a research report on Wednesday, July 27th. Zacks Investment Research downgraded HFF from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, TheStreet upgraded HFF from a “hold” rating to a “buy” rating in a research note on Monday, July 25th.
In other HFF news, CEO Mark Gibson sold 13,844 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $27.50, for a total value of $380,710.00. Following the sale, the chief executive officer now directly owns 593,899 shares of the company’s stock, valued at $16,332,222.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Joe Thornton, Jr. sold 3,184 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $27.67, for a total value of $88,101.28. Following the completion of the sale, the president now directly owns 529,772 shares in the company, valued at $14,658,791.24. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.
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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