Public Sector Pension investment Board Sells 6,500 Shares of HFF, Inc. (HF)

Public Sector Pension investment Board cut its holdings in HFF, Inc. (NYSE:HF) by 26.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,114 shares of the financial services provider’s stock after selling 6,500 shares during the quarter. Public Sector Pension investment Board’s holdings in HFF were worth $630,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HF. Kayne Anderson Rudnick Investment Management LLC boosted its stake in HFF by 19.2% during 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 buying an additional 817,460 shares during the period. BlackRock Inc. boosted its stake in HFF by 138,312.2% during the first quarter. BlackRock Inc. now owns 4,253,407 shares of the financial services provider’s stock worth $117,691,000 after buying an additional 4,250,334 shares during the period. Vanguard Group Inc. boosted its stake in HFF by 5.8% during the first quarter. Vanguard Group Inc. now owns 3,258,504 shares of the financial services provider’s stock worth $90,162,000 after buying an additional 177,939 shares during the period. Dimensional Fund Advisors LP boosted its stake in HFF by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,467,916 shares of the financial services provider’s stock worth $40,617,000 after buying an additional 41,929 shares during the period. Finally, State Street Corp boosted its stake in HFF by 3.3% during the first quarter. State Street Corp now owns 892,592 shares of the financial services provider’s stock worth $24,697,000 after buying an additional 28,362 shares during the period. 87.11% of the stock is owned by hedge funds and other institutional investors.

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In other news, CEO Mark Gibson sold 21,027 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $38.92, for a total transaction of $818,370.84. Following the completion of the transaction, the chief executive officer now directly owns 447,364 shares in the company, valued at approximately $17,411,406.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Joe Thornton, Jr. sold 36,432 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $37.19, for a total value of $1,354,906.08. Following the transaction, the president now owns 525,090 shares of the company’s stock, valued at $19,528,097.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 245,064 shares of company stock valued at $9,280,216. Company insiders own 5.70% of the company’s stock.

Several research analysts have commented on the stock. BidaskClub lowered shares of HFF from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised 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. Finally, ValuEngine raised shares of HFF from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $34.50.

Shares of HFF, Inc. (NYSE:HF) opened at 40.63 on Friday. HFF, Inc. has a 52 week low of $24.84 and a 52 week high of $41.06. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 18.41 and a beta of 1.18. The stock’s 50 day moving average is $38.07 and its 200-day moving average is $33.65.

HFF (NYSE:HF) last issued its 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 return on equity of 40.20% and a net margin of 15.51%. The business had revenue of $137.36 million during the quarter, compared to the consensus estimate of $127.81 million. On average, analysts anticipate that HFF, Inc. will post $2.29 earnings per share for the current fiscal year.

About HFF

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).

Institutional Ownership by Quarter for HFF (NYSE:HF)

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