Yahoo Finance Insider Buying: The Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) President Just Bought 10% More Shares
Even if it's not a huge purchase, we think it was good to see that Jeffrey Lipson, the President of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) recently shelled out US$73k to buy stock, at US$24.36 per share. That purchase might not be huge but it did increase their holding by 10%.
Check out our latest analysis for Hannon Armstrong Sustainable Infrastructure Capital
The Last 12 Months Of Insider Transactions At Hannon Armstrong Sustainable Infrastructure Capital
Over the last year, we can see that the biggest insider purchase was by Executive Chairman Jeffrey Eckel for US$293k worth of shares, at about US$29.26 per share. That means that an insider was happy to buy shares at above the current price of US$23.88. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Hannon Armstrong Sustainable Infrastructure Capital insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership Of Hannon Armstrong Sustainable Infrastructure Capital
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Hannon Armstrong Sustainable Infrastructure Capital insiders own 1.7% of the company, worth about US$37m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Hannon Armstrong Sustainable Infrastructure Capital Insider Transactions Indicate?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Hannon Armstrong Sustainable Infrastructure Capital we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example, Hannon Armstrong Sustainable Infrastructure Capital has 4 warning signs (and 2 which are a bit concerning) we think you should know about.
But note: Hannon Armstrong Sustainable Infrastructure Capital may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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