Emerald Acquisition Ltd. acquired a new stake in HFF Inc. (NYSE:HF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,019 shares of the company’s stock, valued at approximately $578,000. Emerald Acquisition Ltd. owned approximately 0.05% of HFF as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Huntington National Bank bought a new stake in shares of HFF during the second quarter worth $115,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of HFF during the first quarter worth $280,000. BNP Paribas Arbitrage SA increased its stake in shares of HFF by 98.4% in the second quarter. BNP Paribas Arbitrage SA now owns 11,955 shares of the company’s stock worth $345,000 after buying an additional 5,930 shares during the period. AMP Capital Investors Ltd bought a new stake in shares of HFF during the first quarter worth $392,000. Finally, Capstone Asset Management Co. increased its stake in shares of HFF by 11.5% in the second quarter. Capstone Asset Management Co. now owns 13,650 shares of the company’s stock worth $394,000 after buying an additional 1,410 shares during the period. 84.94% of the stock is owned by institutional investors and hedge funds.
HFF Inc. (NYSE:HF) traded down 0.6041% during trading on Monday, hitting $24.8788. 18,908 shares of the stock were exchanged. The stock has a market capitalization of $947.43 million, a price-to-earnings ratio of 11.5877 and a beta of 1.71. The firm has a 50-day moving average of $26.85 and a 200-day moving average of $28.69. HFF Inc. has a 52 week low of $21.36 and a 52 week high of $37.75.
HFF (NYSE:HF) last announced its earnings results on Monday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.10. HFF had a net margin of 16.05% and a return on equity of 44.99%. Equities research analysts anticipate that HFF Inc. will post $2.02 earnings per share for the current fiscal year.
A number of brokerages have weighed in on HF. Zacks Investment Research downgraded shares of HFF from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th. TheStreet raised shares of HFF from a “hold” rating to a “buy” rating in a report on Monday, July 25th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of HFF from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, July 27th.
In related news, CEO Mark Gibson sold 28,339 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $28.12, for a total transaction of $796,892.68. Following the completion of the sale, the chief executive officer now owns 664,628 shares of the company’s stock, valued at $18,689,339.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Joe Thornton, Jr. sold 36,469 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $29.53, for a total transaction of $1,076,929.57. Following the sale, the president now directly owns 746,417 shares of the company’s stock, valued at approximately $22,041,694.01. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by insiders.
HFF Company Profile
HFF, Inc is a provider of commercial real estate and capital markets services to both the users and providers of capital in the United States commercial real estate industry. The Company offers capital markets services, including debt placement; investment sales; distressed debt and real estate owned advisory services; equity placement; investment banking and advisory services; loan sales, and commercial loan servicing.
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