D.A. Davidson & CO. reduced its stake in shares of HFF, Inc. (NYSE:HF) by 22.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,104 shares of the financial services provider’s stock after selling 1,484 shares during the period. D.A. Davidson & CO.’s holdings in HFF were worth $217,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in shares of HFF by 509.1% in the second quarter. PNC Financial Services Group Inc. now owns 4,142 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 3,462 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of HFF by 1,067.1% in the third quarter. Parallel Advisors LLC now owns 3,478 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 3,180 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of HFF in the third quarter valued at approximately $196,000. Itau Unibanco Holding S.A. acquired a new stake in shares of HFF in the second quarter valued at approximately $232,000. Finally, Huber Financial Advisors LLC acquired a new stake in shares of HFF in the third quarter valued at approximately $234,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.
In related news, CEO Mark Gibson sold 34,763 shares of the firm’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $44.13, for a total value of $1,534,091.19. Following the completion of the transaction, the chief executive officer now directly owns 422,028 shares of the company’s stock, valued at $18,624,095.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Joe Thornton, Jr. sold 9,141 shares of the firm’s stock in a transaction on Wednesday, September 26th. The shares were sold at an average price of $43.48, for a total transaction of $397,450.68. Following the completion of the transaction, the president now directly owns 402,834 shares of the company’s stock, valued at $17,515,222.32. The disclosure for this sale can be found here. Insiders sold 132,244 shares of company stock valued at $5,696,330 over the last three months. 4.90% of the stock is owned by company insiders.
HFF (NYSE:HF) last released its earnings results on Tuesday, October 30th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.10. HFF had a net margin of 16.66% and a return on equity of 38.66%. The business had revenue of $161.39 million during the quarter, compared to analysts’ expectations of $154.60 million. On average, research analysts anticipate that HFF, Inc. will post 2.67 EPS for the current fiscal year.
A number of analysts have recently issued reports on HF shares. Zacks Investment Research upgraded shares of HFF from a “sell” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Wednesday, September 19th. TheStreet downgraded shares of HFF from a “b” rating to a “c+” rating in a report on Wednesday, October 31st. Finally, ValuEngine downgraded shares of HFF from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $41.00.
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HFF Company Profile
HFF, Inc provides commercial real estate and capital market services to the users and providers of capital primarily in the United States commercial real estate industry. The company offers debt placement services, such as construction and construction/mini-permanent loans, adjustable and fixed rate mortgages, entity level debts, mezzanine debts, forward delivery loans, tax exempt financing, and sale/leaseback financing to the owners of various properties comprising office, retail, industrial, hotel, multi-housing, student housing, self-storage, senior living, independent living, assisted living, nursing homes, condominiums and condominium conversions, mixed-use properties, and land.
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