HFF, Inc. (HF) Position Raised by Pinebridge Investments L.P.
Pinebridge Investments L.P. increased its position in shares of HFF, Inc. (NYSE:HF) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,675 shares of the financial services provider’s stock after purchasing an additional 87 shares during the period. Pinebridge Investments L.P.’s holdings in HFF were worth $163,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Profund Advisors LLC acquired a new position in HFF in the second quarter worth approximately $214,000. Capstone Asset Management Co. acquired a new position in HFF in the second quarter worth approximately $216,000. State of Alaska Department of Revenue grew its position in HFF by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 6,981 shares of the financial services provider’s stock worth $242,000 after buying an additional 3,101 shares during the last quarter. Albert D Mason Inc. acquired a new position in HFF in the second quarter worth approximately $245,000. Finally, BNP Paribas Arbitrage SA grew its position in HFF by 10.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,064 shares of the financial services provider’s stock worth $195,000 after buying an additional 678 shares during the last quarter. 87.11% of the stock is currently owned by hedge funds and other institutional investors.
HFF, Inc. (NYSE HF) opened at 40.63 on Friday. The firm’s 50-day moving average is $38.07 and its 200 day moving average is $33.65. HFF, Inc. has a 52-week low of $24.84 and a 52-week high of $41.06. The stock has a market capitalization of $1.57 billion, a PE ratio of 18.41 and a beta of 1.18.
HFF (NYSE:HF) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.09. HFF had a net margin of 15.51% and a return on equity of 40.20%. The firm had revenue of $137.36 million during the quarter, compared to the consensus estimate of $127.81 million. On average, equities analysts forecast that HFF, Inc. will post $2.29 earnings per share for the current year.
In other news, CEO Mark Gibson sold 37,331 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $37.19, for a total transaction of $1,388,339.89. Following the completion of the sale, the chief executive officer now owns 518,956 shares of the company’s stock, valued at $19,299,973.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Joe Thornton, Jr. sold 36,432 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $37.19, for a total transaction of $1,354,906.08. Following the sale, the president now directly owns 525,090 shares of the company’s stock, valued at approximately $19,528,097.10. The disclosure for this sale can be found here. Insiders sold 245,064 shares of company stock valued at $9,280,216 in the last ninety days. Insiders own 5.70% of the company’s stock.
Several research analysts have issued reports on the stock. BidaskClub lowered shares of HFF from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of HFF from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Monday, July 31st. Finally, ValuEngine upgraded shares of HFF from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $34.50.
HFF, Inc is a holding company. The Company holds the partnership interests in Holliday Fenoglio Fowler, L.P. and HFF Securities L.P. (together, the Operating Partnerships), held through the subsidiary HFF Partnership Holdings, LLC, and all of the outstanding shares of Holliday GP Corp. (Holliday GP).
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