Snag This Deal Even Lower Than Chief Financial Officer Lipson Did

By Dividend Channel Staff, Friday, May 20, 3:26 PM ET

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 15, Hannon Armstrong Sustainable Infrastructure Capital Inc's Chief Financial Officer, Jeffrey Lipson, invested $111,540.00 into 3,000 shares of HASI, for a cost per share of $37.18. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Friday, bargain hunters could buy shares of Hannon Armstrong Sustainable Infrastructure Capital Inc (NYSE:HASI) and achieve a cost basis even cheaper than Lipson, with shares changing hands as low as $36.85 per share. Hannon Armstrong Sustainable Infrastructure Capital Inc shares are currently trading down about 4.2% on the day. The chart below shows the one year performance of HASI shares, versus its 200 day moving average:

Hannon Armstrong Sustainable Infrastructure Capital Inc Chart

Looking at the chart above, HASI's low point in its 52 week range is $33.61 per share, with $65.74 as the 52 week high point — that compares with a last trade of $37.21. By comparison, below is a table showing the prices at which HASI insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/15/2022 Jeffrey Lipson Chief Financial Officer 3,000 $37.18 $111,540.00
05/13/2022 Jeffrey Eckel President and CEO 2,668 $37.41 $99,809.88

The current annualized dividend paid by Hannon Armstrong Sustainable Infrastructure Capital Inc is $1.5/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 07/04/2022. Below is a long-term dividend history chart for HASI, which can be of good help in judging whether the most recent dividend with approx. 3.9% annualized yield is likely to continue.

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This Article's Word Cloud:   Arial   Armstrong   Back   Bargain   Bargains   Below   Capital   Cheaper   Chief   Days   Dividend   Dollars   Eckel   Financial   HASI   Hannon   Infrastructure   Jeffrey   Lipson   Officer   Seven   Sustainable   about   annualized   below   buying   chart   cost   currently   dividend   escape   fillColor   hunters   insider   last   most   only   paid   point   reason   recent   share   shares   stock   that   their   trading   week   which   with

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