Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) Stake Lowered by Ardsley Advisory Partners

Ardsley Advisory Partners trimmed its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 26.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,180,000 shares of the real estate investment trust’s stock after selling 428,857 shares during the quarter. Hannon Armstrong Sustainable Infrastructure Capital makes up 4.2% of Ardsley Advisory Partners’ investment portfolio, making the stock its 3rd largest position. Ardsley Advisory Partners owned approximately 2.28% of Hannon Armstrong Sustainable Infrastructure Capital worth $26,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth approximately $444,000. Public Employees Retirement System of Ohio bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth approximately $1,365,000. Raymond James Financial Services Advisors Inc. grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 4.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,468 shares of the real estate investment trust’s stock worth $308,000 after acquiring an additional 583 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth approximately $14,530,000. Finally, State Street Corp grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 16.4% during the 2nd quarter. State Street Corp now owns 940,049 shares of the real estate investment trust’s stock worth $21,494,000 after acquiring an additional 132,368 shares during the last quarter. Institutional investors and hedge funds own 73.29% of the company’s stock.

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Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE HASI) traded up 0.86% during midday trading on Tuesday, reaching $24.67. The company’s stock had a trading volume of 80,593 shares. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $18.02 and a 12-month high of $24.70. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 44.69 and a beta of 0.96. The company’s 50-day moving average is $23.90 and its 200 day moving average is $22.83.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Thursday, October 5th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.40%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 244.44%.

Several equities analysts recently issued reports on HASI shares. FBR & Co restated a “buy” rating and set a $26.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Friday, June 30th. Morgan Stanley restated an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, July 11th. BidaskClub lowered Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Cowen and Company restated an “outperform” rating and set a $28.00 price target (up from $25.00) on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, June 22nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $25.25.

In other news, EVP Nathaniel Rose sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $23.85, for a total transaction of $143,100.00. Following the transaction, the executive vice president now owns 297,506 shares of the company’s stock, valued at $7,095,518.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $24.11, for a total value of $120,550.00. Following the transaction, the executive vice president now directly owns 263,167 shares in the company, valued at approximately $6,344,956.37. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

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Institutional Ownership by Quarter for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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