BNP Paribas Arbitrage SA Purchases 10,252 Shares of Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI)

BNP Paribas Arbitrage SA lifted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) by 522.0% in the first quarter, Holdings Channel reports. The fund owned 12,216 shares of the real estate investment trust’s stock after buying an additional 10,252 shares during the period. BNP Paribas Arbitrage SA’s holdings in Hannon Armstrong Sustnbl Infrstr Cap were worth $313,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Pearl River Capital LLC acquired a new position in Hannon Armstrong Sustnbl Infrstr Cap in the fourth quarter valued at about $25,000. Nisa Investment Advisors LLC grew its stake in Hannon Armstrong Sustnbl Infrstr Cap by 334.6% in the first quarter. Nisa Investment Advisors LLC now owns 3,455 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 2,660 shares during the period. NumerixS Investment Technologies Inc acquired a new position in Hannon Armstrong Sustnbl Infrstr Cap in the fourth quarter valued at about $80,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hannon Armstrong Sustnbl Infrstr Cap by 29.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,716 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,310 shares during the period. Finally, ETF Managers Group LLC grew its stake in Hannon Armstrong Sustnbl Infrstr Cap by 19.1% in the fourth quarter. ETF Managers Group LLC now owns 6,880 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 1,103 shares during the period. Institutional investors own 67.98% of the company’s stock.

NYSE:HASI opened at $26.83 on Wednesday. The company has a quick ratio of 29.45, a current ratio of 29.45 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 9.96 and a beta of 1.08. Hannon Armstrong Sustnbl Infrstr Cap Inc has a 1 year low of $17.76 and a 1 year high of $27.87.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last posted its quarterly earnings data on Thursday, February 21st. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.08. The company had revenue of $19.74 million during the quarter, compared to analysts’ expectations of $14.65 million. Hannon Armstrong Sustnbl Infrstr Cap had a return on equity of 9.61% and a net margin of 39.53%. As a group, equities research analysts anticipate that Hannon Armstrong Sustnbl Infrstr Cap Inc will post 1.18 earnings per share for the current year.

A number of research analysts have issued reports on HASI shares. ValuEngine raised Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. B. Riley set a $26.00 target price on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research note on Friday, February 22nd. Cowen set a $30.00 target price on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research note on Tuesday, February 26th. Zacks Investment Research raised Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research note on Friday, March 1st. Finally, Roth Capital set a $30.00 target price on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $26.50.

In other news, EVP Daniel K. Mcmahon sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.73, for a total transaction of $123,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey Eckel acquired 985 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $26.82 per share, with a total value of $26,417.70. The disclosure for this purchase can be found here. Insiders have sold 30,000 shares of company stock valued at $770,250 over the last ninety days. 3.60% of the stock is owned by insiders.

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About Hannon Armstrong Sustnbl Infrstr Cap

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through the use of solar generation, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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Institutional Ownership by Quarter for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

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