Hannon Armstrong Sustainable Infrastructure Capital Inc.’s recent filing unveils that its Chief Financial Officer Pangburn Marc T. acquired Company’s shares for reported $0.11 million on Aug 21. In the deal valued at $21.09 per share,5,000 shares were bought. As a result of this transaction, Pangburn Marc T. now holds 53,291 shares worth roughly $ 1.33 million.
Then, Lipson Jeffrey bought 4,000 shares, generating $84,360 in total proceeds. Upon buying the shares at $21.09, the Chief Executive Officer now owns 36,925 shares.
Before that, Santoroski Richard bought 2,500 shares. Hannon Armstrong Sustainable Infrastructure Capital Inc. shares valued at $51,150 were divested by the EVP and Chief Risk Officer at a price of $20.46 per share. As a result of the transaction, Santoroski Richard now holds 2,500 shares, worth roughly $62300.00000000001.
Citigroup initiated its Hannon Armstrong Sustainable Infrastructure Capital Inc. [HASI] rating to a Neutral in a research note published on Monday, August 18, 2023; the price target was $24. PT values the company’s stock at a premium of -3.83 to its Monday closing price.
Price Performance Review of HASI
On Monday, Hannon Armstrong Sustainable Infrastructure Capital Inc. [NYSE:HASI] saw its stock remained unchanged to $24.92. On the same session, the stock had its day’s lowest price of $24.09, but rose to a high of $25.38. Over the last five days, the stock has gained 2.93%. Hannon Armstrong Sustainable Infrastructure Capital Inc. shares have fallen nearly -14.01% since the year began. Nevertheless, the stocks have fallen -34.37% over the past one year. While a 52-week high of $39.67 was reached on 02/02/23, a 52-week low of $19.46 was recorded on 08/21/23. SMA at 50 days reached $24.20, while 200 days put it at $27.90. A total of 3.45 million shares were traded, compared to the trading of 2.31 million shares in the previous session.
Levels Of Support And Resistance For HASI Stock
The 24-hour chart illustrates a support level at 24.21, which if violated will result in even more drops to 23.51. On the upside, there is a resistance level at 25.50. A further resistance level may holdings at 26.09. The Relative Strength Index (RSI) on the 14-day chart is 59.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.83%. Stochastics %K at 87.31% indicates the stock is a selling.
How much short interest is there in Hannon Armstrong Sustainable Infrastructure Capital Inc.?
A steep rise in short interest was recorded in Hannon Armstrong Sustainable Infrastructure Capital Inc. stocks on Aug 30, 2023, growing by 1.79 million shares to a total of 11.5 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 9.71 million shares. There was a rise of 15.57%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 10.95% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.11.
Hannon Armstrong Sustainable Infrastructure Capital Inc. [HASI] – Who Are The Largest Shareholders?
In filings from Wellington Management Co. LLP, it is revealed that the company now owns 9,896,078 shares, or roughly 9.23% of the outstanding HASI shares. In other words, the investor’s shares have risen by 1,168,730 from its previous 13-F filing of 8727348.0. Additionally, The Vanguard Group, Inc. increased 16.37% of its stake after which the total value it holdings stand at $220,848,272, while BlackRock Fund Advisors added 21.44% of its stake to hold $170.96 million in the firm. Over the last quarter, T. Rowe Price Investment Manageme purchased 941,592 shares of Hannon Armstrong Sustainable Infrastructure Capital Inc., while Handelsbanken Fonder AB bought 956,500 shares. At present, Invesco Capital Management LLC is holding 3,017,229 shares valued at $67.5 million. KBI Global Investors Ltd. owned 2,893,108 shares of the company at the time of its most recent 13F filing, worth $64.72 million.
According to FactSet, Hannon Armstrong Sustainable Infrastructure Capital Inc.’s share price will average $38.44 in the next year, based on opinions of analysts polled by the firm. This is up nearly 76.57 percent from its previous closing price of $24.92. Analysts expect Hannon Armstrong Sustainable Infrastructure Capital Inc. stock to reach the higher price of $50.00, while the lowest price estimate is $24.00. However, 10 analysts have rated HASI stock as an Overweight in their predictions for 2023.