Wedbush Securities Inc. Invests $205,000 in Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI)

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Wedbush Securities Inc. bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,281 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Several other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 2.0% during the first quarter. Handelsbanken Fonder AB now owns 770,702 shares of the real estate investment trust’s stock worth $19,761,000 after buying an additional 15,245 shares in the last quarter. Norges Bank purchased a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap during the fourth quarter worth $11,366,000. Trillium Asset Management LLC grew its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 0.8% during the first quarter. Trillium Asset Management LLC now owns 452,855 shares of the real estate investment trust’s stock worth $11,611,000 after buying an additional 3,527 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 6.1% during the second quarter. Commonwealth Equity Services LLC now owns 327,057 shares of the real estate investment trust’s stock worth $9,216,000 after buying an additional 18,662 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 86.5% during the second quarter. First Trust Advisors LP now owns 324,251 shares of the real estate investment trust’s stock worth $9,137,000 after buying an additional 150,436 shares in the last quarter. 71.56% of the stock is owned by institutional investors and hedge funds.

Shares of HASI stock traded down $0.06 on Tuesday, hitting $27.46. 13,970 shares of the stock traded hands, compared to its average volume of 268,075. The firm’s 50-day moving average price is $27.77 and its two-hundred day moving average price is $26.19. The company has a debt-to-equity ratio of 1.24, a quick ratio of 23.23 and a current ratio of 23.23. The stock has a market capitalization of $1.81 billion, a PE ratio of 23.08, a PEG ratio of 10.85 and a beta of 1.03. Hannon Armstrong Sustnbl Infrstr Cap Inc has a twelve month low of $18.83 and a twelve month high of $28.67.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last announced 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 for the quarter, compared to analyst estimates of $16.55 million. Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 37.56% and a return on equity of 8.75%. On average, equities research analysts anticipate that Hannon Armstrong Sustnbl Infrstr Cap Inc will post 1.17 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Roth Capital set a $30.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $26.75.

In other Hannon Armstrong Sustnbl Infrstr Cap news, CAO Charles Melko sold 2,952 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $27.11, for a total value of $80,028.72. Following the transaction, the chief accounting officer now owns 30,727 shares of the company’s stock, valued at $833,008.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Eckel bought 1,891 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $26.99 per share, for a total transaction of $51,038.09. Following the transaction, the insider now directly owns 641,452 shares of the company’s stock, valued at $17,312,789.48. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.

Hannon Armstrong Sustnbl Infrstr Cap 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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