HFF, Inc. (HF) CEO Sells $1,388,339.89 in Stock
HFF, Inc. (NYSE:HF) CEO Mark Gibson sold 37,331 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $37.19, for a total value of $1,388,339.89. Following the sale, the chief executive officer now owns 518,956 shares in the company, valued at $19,299,973.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
HFF, Inc. (HF) traded up 2.64% during trading on Wednesday, hitting $38.10. The company had a trading volume of 160,513 shares. The company’s 50 day moving average price is $37.25 and its 200-day moving average price is $32.83. HFF, Inc. has a 1-year low of $24.84 and a 1-year high of $38.81. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 17.26 and a beta of 1.21.
HFF (NYSE:HF) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.09. HFF had a return on equity of 40.20% and a net margin of 15.51%. The business had revenue of $137.36 million for the quarter, compared to analyst estimates of $127.81 million. On average, analysts expect that HFF, Inc. will post $2.29 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC grew its position in HFF by 19.2% during the 2nd 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 acquiring an additional 817,460 shares during the last quarter. BlackRock Inc. grew its position in HFF by 138,312.2% during the 1st quarter. BlackRock Inc. now owns 4,253,407 shares of the financial services provider’s stock worth $117,691,000 after acquiring an additional 4,250,334 shares during the last quarter. Vanguard Group Inc. grew its position in HFF by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,349,230 shares of the financial services provider’s stock worth $116,454,000 after acquiring an additional 90,726 shares during the last quarter. JPMorgan Chase & Co. grew its position in HFF by 10.4% during the 1st quarter. JPMorgan Chase & Co. now owns 2,804,217 shares of the financial services provider’s stock worth $77,593,000 after acquiring an additional 265,234 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its position in HFF by 6.5% during the 2nd 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. Institutional investors and hedge funds own 87.11% of the company’s stock.
Several research firms have recently weighed in on HF. BidaskClub cut HFF from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine cut HFF from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded HFF from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus 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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