HFF Inc. (HF) Sees Unusually-High Trading Volume
Shares of HFF Inc. (NYSE:HF) saw unusually-strong trading volume on Friday . Approximately 174,634 shares changed hands during trading, a decline of 3% from the previous session’s volume of 179,406 shares.The stock last traded at $26.15 and had previously closed at $26.01.
Several analysts have weighed in on HF shares. Zacks Investment Research cut HFF from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th. Keefe, Bruyette & Woods started coverage on HFF in a report on Monday, May 16th. They set a “market perform” rating and a $34.00 price objective for the company. Finally, TheStreet raised HFF from a “hold” rating to a “buy” rating in a report on Monday, July 25th.
The company has a market capitalization of $992.04 million and a P/E ratio of 12.13. The stock has a 50-day moving average of $28.20 and a 200-day moving average of $28.48.
HFF (NYSE:HF) last released its earnings results on Monday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.10. Equities research analysts predict that HFF Inc. will post $2.02 earnings per share for the current fiscal year.
In related news, President Joe Thornton, Jr. sold 3,184 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $27.67, for a total value of $88,101.28. Following the sale, the president now directly owns 529,772 shares of the company’s stock, valued at $14,658,791.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Joe Thornton, Jr. sold 36,469 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $29.53, for a total value of $1,076,929.57. Following the completion of the sale, the president now directly owns 746,417 shares in the company, valued at $22,041,694.01. The disclosure for this sale can be found here.
Other hedge funds have added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in HFF by 51.5% in the fourth quarter. Bank of Montreal Can now owns 44,183 shares of the company’s stock valued at $1,373,000 after buying an additional 15,017 shares during the period. Wells Fargo & Company MN raised its stake in HFF by 77.6% in the fourth quarter. Wells Fargo & Company MN now owns 480,030 shares of the company’s stock valued at $14,914,000 after buying an additional 209,812 shares during the period. Finally, Jennison Associates LLC raised its stake in HFF by 87.0% in the fourth quarter. Jennison Associates LLC now owns 34,425 shares of the company’s stock valued at $1,070,000 after buying an additional 16,014 shares during the period.
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.