Even if it's not a huge purchase, we think it was good to see that Simone Lagomarsino, the Independent Director of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) recently shelled out US$55k to buy stock, at US$55.21 per share. That purchase might not be huge but it did increase their holding by 20%.
Hannon Armstrong Sustainable Infrastructure Capital Insider Transactions Over The Last Year
The Chairman & CEO, Jeffrey Eckel, made the biggest insider sale in the last 12 months. That single transaction was for US$7.3m worth of shares at a price of US$50.11 each. That means that an insider was selling shares at slightly below the current price (US$60.35). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 14% of Jeffrey Eckel's holding.
Happily, we note that in the last year insiders paid US$387k for 18.00k shares. On the other hand they divested 192.73k shares, for US$9.7m. All up, insiders sold more shares in Hannon Armstrong Sustainable Infrastructure Capital than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
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's great to see that Hannon Armstrong Sustainable Infrastructure Capital insiders own 2.5% of the company, worth about US$114m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Hannon Armstrong Sustainable Infrastructure Capital Tell Us?
It is good to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. The recent buying by an insider , along with high insider ownership, suggest that Hannon Armstrong Sustainable Infrastructure Capital insiders are fairly aligned, and optimistic. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 3 warning signs for Hannon Armstrong Sustainable Infrastructure Capital (1 can't be ignored!) that we believe deserve your full attention.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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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