Eagle Asset Management Inc. trimmed its stake in HFF, Inc. (NYSE:HF) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 336,901 shares of the financial services provider’s stock after selling 27,556 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.87% of HFF worth $16,386,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in HFF by 10.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,569,569 shares of the financial services provider’s stock valued at $220,332,000 after acquiring an additional 504,994 shares in 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. Dimensional Fund Advisors LP grew its position in HFF by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,582,768 shares of the financial services provider’s stock worth $62,614,000 after acquiring an additional 60,426 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in HFF by 1.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,113,074 shares of the financial services provider’s stock worth $54,140,000 after buying an additional 13,978 shares during the period. Finally, State Street Corp lifted its holdings in HFF by 4.2% during the 2nd quarter. State Street Corp now owns 930,312 shares of the financial services provider’s stock worth $32,341,000 after buying an additional 37,720 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.
Shares of HFF, Inc. (HF) traded down $0.29 during trading hours on Wednesday, hitting $48.64. The stock had a trading volume of 204,789 shares, compared to its average volume of 257,445. The company has a market capitalization of $1,880.00, a PE ratio of 14.65 and a beta of 1.02. HFF, Inc. has a 52-week low of $25.79 and a 52-week high of $51.74.
The firm also recently announced a special dividend, which was paid on Wednesday, February 21st. Stockholders of record on Friday, February 9th were issued a dividend of $1.75 per share. This represents a dividend yield of 0.0351053159478435%. This is a positive change from HFF’s previous special dividend of $1.57. The ex-dividend date of this dividend was Thursday, February 8th.
In other news, insider Michael Tepedino sold 5,808 shares of HFF stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $45.79, for a total transaction of $265,948.32. Following the completion of the transaction, the insider now directly owns 135,130 shares in the company, valued at $6,187,602.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is currently owned by company insiders.
A number of brokerages have recently issued reports on HF. William Blair reissued a “market perform” rating on shares of HFF in a research note on Thursday, February 1st. ValuEngine raised HFF from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. TheStreet raised HFF from a “c+” rating to a “b-” rating in a report on Friday, March 9th. JMP Securities lowered HFF from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research downgraded HFF from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $38.50.
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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