Acadian Asset Management LLC Purchases Shares of 16,335 HFF, Inc. (HF)
Acadian Asset Management LLC purchased a new position in HFF, Inc. (NYSE:HF) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 16,335 shares of the financial services provider’s stock, valued at approximately $794,000.
A number of other hedge funds also recently added to or reduced their stakes in HF. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of HFF by 10.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,569,569 shares of the financial services provider’s stock valued at $220,332,000 after purchasing an additional 504,994 shares in the last quarter. Copper Rock Capital Partners LLC boosted its stake in shares of HFF by 53.0% in the 4th quarter. Copper Rock Capital Partners LLC now owns 884,325 shares of the financial services provider’s stock valued at $42,961,000 after purchasing an additional 306,167 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of HFF by 23.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,099,096 shares of the financial services provider’s stock valued at $43,480,000 after purchasing an additional 211,088 shares in the last quarter. Wasatch Advisors Inc. boosted its stake in shares of HFF by 6.5% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,328,213 shares of the financial services provider’s stock valued at $80,952,000 after purchasing an additional 141,632 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of HFF by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,349,230 shares of the financial services provider’s stock valued at $116,454,000 after purchasing an additional 90,726 shares in the last quarter. 88.03% of the stock is owned by institutional investors and hedge funds.
Shares of HFF, Inc. (NYSE:HF) opened at $49.21 on Friday. HFF, Inc. has a 1-year low of $25.79 and a 1-year high of $51.74. The company has a market cap of $1,917.40, a price-to-earnings ratio of 22.07 and a beta of 1.16.
The business also recently disclosed a special dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Friday, February 9th will be issued a $1.75 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This is a positive change from HFF’s previous special dividend of $1.57. This represents a yield of 0.0351053159478435%.
In other HFF news, insider Michael Tepedino sold 8,943 shares of the company’s stock in a transaction 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 directly owns 151,481 shares in the company, valued at approximately $6,639,412.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Fowler sold 15,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $45.12, for a total transaction of $676,800.00. Following the completion of the transaction, the director now owns 246,878 shares of the company’s stock, valued at $11,139,135.36. The disclosure for this sale can be found here. Insiders sold a total of 113,959 shares of company stock valued at $5,061,936 over the last 90 days. Company insiders own 5.70% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. JMP Securities cut shares of HFF from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded shares of HFF from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Friday, November 3rd. Finally, ValuEngine upgraded shares of HFF from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $38.50.
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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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