Assenagon Asset Management S.A. acquired a new position in HFF, Inc. (NYSE:HF) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 44,572 shares of the financial services provider’s stock, valued at approximately $1,763,000. Assenagon Asset Management S.A. owned 0.12% of HFF at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in HF. Advisor Group Inc. increased its position in shares of HFF by 16.7% during the second quarter. Advisor Group Inc. now owns 3,040 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 434 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of HFF by 9.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,226 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 289 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in shares of HFF during the 2nd quarter valued at $129,000. Pinebridge Investments L.P. grew its position in shares of HFF by 1.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,675 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 87 shares during the period. Finally, Profund Advisors LLC bought a new stake in shares of HFF during the 2nd quarter valued at $214,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.
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In other news, President Joe Thornton, Jr. sold 20,520 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $38.92, for a total value of $798,638.40. Following the sale, the president now owns 455,224 shares in the company, valued at $17,717,318.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chief executive officer now owns 447,364 shares in the company, valued at approximately $17,411,406.88. The disclosure for this sale can be found here. Insiders have sold 245,064 shares of company stock valued at $9,280,216 in the last three months. 5.70% of the stock is currently owned by corporate insiders.
Shares of HFF, Inc. (NYSE HF) traded down $0.30 during mid-day trading on Friday, reaching $43.86. 118,000 shares of the company’s stock were exchanged, compared to its average volume of 164,324. The company has a market cap of $1,703.67, a P/E ratio of 19.80 and a beta of 1.16. HFF, Inc. has a twelve month low of $25.79 and a twelve month high of $44.90.
A number of equities research analysts have recently issued reports on HF shares. Zacks Investment Research upgraded shares of HFF from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Monday, July 31st. BidaskClub upgraded shares of HFF from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price 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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