TimesSquare Capital Management LLC Reduces Stake in HFF, Inc. (HF)
TimesSquare Capital Management LLC lowered its stake in shares of HFF, Inc. (NYSE:HF) by 48.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 522,034 shares of the financial services provider’s stock after selling 489,375 shares during the quarter. TimesSquare Capital Management LLC’s holdings in HFF were worth $25,392,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. U S Global Investors Inc. bought a new stake in shares of HFF during the third quarter worth about $1,238,000. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of HFF by 10.0% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,569,569 shares of the financial services provider’s stock worth $220,332,000 after acquiring an additional 504,994 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of HFF by 2.4% during the third quarter. Principal Financial Group Inc. now owns 276,348 shares of the financial services provider’s stock worth $10,932,000 after acquiring an additional 6,429 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of HFF by 23.8% during the third quarter. Wells Fargo & Company MN now owns 1,099,096 shares of the financial services provider’s stock worth $43,480,000 after acquiring an additional 211,088 shares in the last quarter. Finally, Alpha Windward LLC bought a new stake in shares of HFF during the fourth quarter worth about $549,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.
In other HFF news, insider Michael Tepedino sold 5,808 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $45.79, for a total value of $265,948.32. Following the completion of the sale, the insider now directly owns 135,130 shares of the company’s stock, valued at approximately $6,187,602.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.70% of the company’s stock.
HFF (NYSE:HF) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.08. HFF had a net margin of 15.58% and a return on equity of 41.13%. The business had revenue of $185.29 million during the quarter, compared to the consensus estimate of $186.80 million. equities analysts predict that HFF, Inc. will post 2.88 EPS for the current year.
The company also recently disclosed a special dividend, which was paid on Wednesday, February 21st. Shareholders of record on Friday, February 9th were given a $1.75 dividend. This represents a yield of 0.0351053159478435%. This is an increase from HFF’s previous special dividend of $1.57. The ex-dividend date was Thursday, February 8th.
HF has been the subject of several recent research reports. JMP Securities downgraded shares of HFF from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. Zacks Investment Research downgraded shares of HFF from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine raised shares of HFF from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Finally, William Blair reissued a “market perform” rating on shares of HFF in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. HFF presently has a consensus rating of “Hold” and a consensus price target of $38.50.
HFF Company Profile
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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