SFE Investment Counsel Reduces Stock Holdings in Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI)

SFE Investment Counsel decreased its position in Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,337 shares of the real estate investment trust’s stock after selling 5,488 shares during the period. SFE Investment Counsel’s holdings in Hannon Armstrong Sustnbl Infrstr Cap were worth $2,405,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Strs Ohio lifted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 3.1% during the second quarter. Strs Ohio now owns 16,400 shares of the real estate investment trust’s stock worth $462,000 after acquiring an additional 500 shares in the last quarter. Glassman Wealth Services lifted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 129.9% during the first quarter. Glassman Wealth Services now owns 1,129 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 638 shares in the last quarter. ETF Managers Group LLC lifted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 10.4% during the first quarter. ETF Managers Group LLC now owns 7,597 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 717 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 1.3% during the first quarter. Oppenheimer & Co. Inc. now owns 65,725 shares of the real estate investment trust’s stock worth $1,685,000 after acquiring an additional 834 shares in the last quarter. Finally, Manchester Capital Management LLC purchased a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap during the first quarter worth $25,000. Institutional investors and hedge funds own 71.82% of the company’s stock.

Several equities research analysts have issued reports on HASI shares. Roth Capital set a $30.00 target price on Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Zacks Investment Research downgraded Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $27.00.

In other news, insider Jeffrey Eckel purchased 1,891 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $26.99 per share, with a total value of $51,038.09. Following the completion of the acquisition, the insider now owns 641,452 shares in the company, valued at approximately $17,312,789.48. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Charles Melko sold 2,952 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $27.11, for a total transaction of $80,028.72. Following the completion of the transaction, the chief accounting officer now directly owns 30,727 shares in the company, valued at approximately $833,008.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,952 shares of company stock worth $473,729. Insiders own 3.60% of the company’s stock.

Shares of NYSE:HASI traded up $1.01 during trading on Wednesday, hitting $28.14. 112,528 shares of the company were exchanged, compared to its average volume of 232,282. The firm has a market cap of $1.77 billion, a P/E ratio of 23.65, a PEG ratio of 10.47 and a beta of 1.03. The firm’s 50 day moving average is $27.78. Hannon Armstrong Sustnbl Infrstr Cap Inc has a 52-week low of $18.83 and a 52-week high of $28.67. The company has a current ratio of 29.45, a quick ratio of 29.45 and a debt-to-equity ratio of 1.48.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04). The firm had revenue of $16.40 million during the quarter, compared to the consensus estimate of $16.55 million. Hannon Armstrong Sustnbl Infrstr Cap had a return on equity of 9.10% and a net margin of 37.56%. On average, analysts anticipate that Hannon Armstrong Sustnbl Infrstr Cap Inc will post 1.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, July 5th were issued a $0.335 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.34 annualized dividend and a dividend yield of 4.76%. Hannon Armstrong Sustnbl Infrstr Cap’s payout ratio is currently 112.61%.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

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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