Hartford Investment Management Co. Invests $210,000 in HFF, Inc. (HF) Stock
Hartford Investment Management Co. purchased a new position in HFF, Inc. (NYSE:HF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,320 shares of the financial services provider’s stock, valued at approximately $210,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of HF. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of HFF by 19.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,064,575 shares of the financial services provider’s stock worth $176,095,000 after purchasing an additional 817,460 shares during the period. Cooke & Bieler LP bought a new position in shares of HFF during the second quarter worth $8,645,000. Wells Fargo & Company MN boosted its position in shares of HFF by 23.8% during the third quarter. Wells Fargo & Company MN now owns 1,099,096 shares of the financial services provider’s stock worth $43,480,000 after acquiring an additional 211,088 shares during the last quarter. Wasatch Advisors Inc. boosted its position in shares of HFF by 6.5% during the second quarter. Wasatch Advisors Inc. now owns 2,328,213 shares of the financial services provider’s stock worth $80,952,000 after acquiring an additional 141,632 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of HFF by 161.3% during the second quarter. Prudential Financial Inc. now owns 193,135 shares of the financial services provider’s stock worth $6,715,000 after acquiring an additional 119,210 shares during the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.
In other HFF news, President Joe Thornton, Jr. sold 36,432 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 $1,354,906.08. Following the completion of the transaction, the president now owns 525,090 shares in the company, valued at $19,528,097.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief executive officer now owns 518,956 shares of the company’s stock, valued at approximately $19,299,973.64. The disclosure for this sale can be found here. Insiders have sold 359,023 shares of company stock valued at $14,342,152 in the last quarter. 5.70% of the stock is owned by company insiders.
Separately, Zacks Investment Research upgraded shares of HFF from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. HFF presently has a consensus rating of “Hold” and an average price target of $38.50.
HFF, Inc. (NYSE:HF) traded down $0.11 during mid-day trading on Wednesday, reaching $44.41. 198,600 shares of the company’s stock traded hands, compared to its average volume of 167,089. HFF, Inc. has a fifty-two week low of $25.79 and a fifty-two week high of $46.45. The company has a market capitalization of $1,717.56, a price-to-earnings ratio of 19.96 and a beta of 1.16.
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HFF Company Profile
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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