Kayne Anderson Rudnick Investment Management LLC Raises Position in HFF, Inc. (HF)
Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of HFF, Inc. (NYSE:HF) by 10.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,569,569 shares of the financial services provider’s stock after acquiring an additional 504,994 shares during the quarter. HFF accounts for about 2.0% of Kayne Anderson Rudnick Investment Management LLC’s investment portfolio, making the stock its 10th largest holding. Kayne Anderson Rudnick Investment Management LLC owned approximately 14.44% of HFF worth $220,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in HFF by 138,312.2% in the 1st quarter. BlackRock Inc. now owns 4,253,407 shares of the financial services provider’s stock worth $117,691,000 after buying an additional 4,250,334 shares during the period. Cooke & Bieler LP purchased a new stake in HFF in the 2nd quarter worth approximately $8,645,000. Vanguard Group Inc. lifted its holdings in HFF by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 3,258,504 shares of the financial services provider’s stock worth $90,162,000 after buying an additional 177,939 shares during the period. Wasatch Advisors Inc. lifted its holdings in HFF by 6.5% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,328,213 shares of the financial services provider’s stock worth $80,952,000 after buying an additional 141,632 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in HFF by 161.3% in the 2nd quarter. Prudential Financial Inc. now owns 193,135 shares of the financial services provider’s stock worth $6,715,000 after buying an additional 119,210 shares during the period. Institutional investors own 90.54% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/11/15/kayne-anderson-rudnick-investment-management-llc-raises-position-in-hff-inc-hf.html.
In other news, insider Gerard T. Sansosti sold 15,750 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $44.08, for a total value of $694,260.00. Following the completion of the transaction, the insider now owns 118,095 shares in the company, valued at approximately $5,205,627.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Tepedino sold 8,943 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $43.83, for a total value of $391,971.69. Following the completion of the transaction, the insider now owns 151,481 shares of the company’s stock, valued at approximately $6,639,412.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 270,158 shares of company stock valued at $10,384,092. 5.70% of the stock is currently owned by company insiders.
HFF, Inc. (HF) traded up $0.22 during midday trading on Wednesday, reaching $44.04. The company’s stock had a trading volume of 245,800 shares, compared to its average volume of 164,483. HFF, Inc. has a 1-year low of $25.79 and a 1-year high of $44.90. The stock has a market cap of $1,690.56, a PE ratio of 19.65 and a beta of 1.16.
Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded HFF from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Friday, November 3rd. BidaskClub upgraded HFF from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. HFF presently has an average rating of “Hold” and a consensus target price of $38.50.
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).
Want to see what other hedge funds are holding HF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HFF, Inc. (NYSE:HF).
Receive News & Ratings for HFF Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HFF Inc. and related companies with MarketBeat.com's FREE daily email newsletter.