Joe Thornton, Jr. Sells 8,660 Shares of HFF, Inc. (HF) Stock
HFF, Inc. (NYSE:HF) President Joe Thornton, Jr. sold 8,660 shares of HFF stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $37.88, for a total transaction of $328,040.80. Following the completion of the sale, the president now owns 494,785 shares of the company’s stock, valued at approximately $18,742,455.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
HFF, Inc. (NYSE HF) opened at 38.51 on Friday. The firm has a 50-day moving average of $37.25 and a 200 day moving average of $32.83. HFF, Inc. has a 12-month low of $24.84 and a 12-month high of $38.81. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 17.45 and a beta of 1.21.
HFF (NYSE:HF) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $127.81 million. Analysts expect that HFF, Inc. will post $2.29 EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the company. Mountain Capital Investment Advisors Inc purchased a new stake in shares of HFF in the second quarter worth about $129,000. Wasatch Advisors Inc. lifted its holdings in shares of HFF by 6.5% in the second 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 in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of HFF by 18.9% in the second quarter. Public Employees Retirement System of Ohio now owns 56,432 shares of the financial services provider’s stock worth $1,962,000 after buying an additional 8,983 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of HFF in the second quarter worth about $267,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of HFF by 9.8% in the second quarter. Ameritas Investment Partners Inc. now owns 3,226 shares of the financial services provider’s stock worth $112,000 after buying an additional 289 shares in the last quarter. 87.11% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have weighed in on the stock. BidaskClub cut shares of HFF from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine cut shares of HFF from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of HFF from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price 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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