The EVP of Hannon Armstrong (NYSE: HASI) is Buying Shares

By Carrie Williams

Today, the EVP of Hannon Armstrong (NYSE: HASI), Rhem Wooten, bought shares of HASI for $24.52K.

In addition to Rhem Wooten, 5 other HASI executives reported Buy trades in the last month. Following Rhem Wooten’s last HASI Buy transaction on May 06, 2016, the stock climbed by 0.8%.

Based on Hannon Armstrong’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $19.01 million and quarterly net profit of $2.93 million. In comparison, last year the company earned revenue of $15.04 million and had a net profit of $1.8 million. The company has a one year high of $25.21 and a one year low of $15.69. HASI’s market cap is $856.6M and the company has a P/E ratio of 72.43.

Starting in February 2014, HASI received 29 Buy ratings in a row. Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $25.67, reflecting a -21.0% downside. Eight different firms, including Barclays and Cowen & Co., currently also have a Buy rating on the stock.

The insider sentiment on Hannon Armstrong has been positive according to 41 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. provides debt and equity financing for sustainable infrastructure projects that increase energy efficiency, provide cleaner energy sources, positively impact the environment or make more efficient use of natural resources. The company was founded on November 7, 2012 and is headquartered in Annapolis, MD.