Mckinley Capital Management LLC Delaware Cuts Stake in Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI)

Mckinley Capital Management LLC Delaware lowered its holdings in Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 68,854 shares of the real estate investment trust’s stock after selling 2,426 shares during the quarter. Mckinley Capital Management LLC Delaware’s holdings in Hannon Armstrong Sustnbl Infrstr Cap were worth $1,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in HASI. Advisor Group Inc. increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 8.5% in the second quarter. Advisor Group Inc. now owns 4,444 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 350 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap in the fourth quarter worth $149,000. Stifel Financial Corp acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap in the third quarter worth $222,000. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap in the third quarter worth $231,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap in the second quarter worth $270,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

In related news, CFO J Brendan Herron sold 11,063 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $23.96, for a total transaction of $265,069.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.40% of the company’s stock.

A number of analysts have recently weighed in on the stock. Roth Capital set a $28.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a research note on Saturday, November 25th. Oppenheimer increased their price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. BidaskClub lowered shares of Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Finally, B. Riley set a $27.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a research note on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Hannon Armstrong Sustnbl Infrstr Cap currently has a consensus rating of “Buy” and a consensus price target of $26.00.

Shares of Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) opened at $20.89 on Thursday. Hannon Armstrong Sustnbl Infrstr Cap Inc has a twelve month low of $18.40 and a twelve month high of $25.28. The stock has a market cap of $1,120.78, a price-to-earnings ratio of 34.82, a P/E/G ratio of 1.45 and a beta of 0.77. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 2.13.

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Hannon Armstrong Sustnbl Infrstr Cap Profile

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 Sustnbl Infrstr Cap (NYSE:HASI)

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