We'd be surprised if HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) shareholders haven't noticed that the Executive VP & Chief Investment Officer, Nathaniel Rose, recently sold US$335k worth of stock at US$33.50 per share. On the bright side, that sale was only 6.2% of their holding, so we doubt it's very meaningful, on its own.
The Last 12 Months Of Insider Transactions At HA Sustainable Infrastructure Capital
Notably, that recent sale by Nathaniel Rose is the biggest insider sale of HA Sustainable Infrastructure Capital shares that we've seen in the last year. That means that an insider was selling shares at slightly below the current price (US$34.70). 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 6.2% of Nathaniel Rose's holding.
The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.1% of HA Sustainable Infrastructure Capital shares, worth about US$87m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At HA Sustainable Infrastructure Capital Tell Us?
An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that HA Sustainable Infrastructure Capital is growing earnings. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that HA Sustainable Infrastructure Capital is showing 4 warning signs in our investment analysis, and 1 of those makes us a bit uncomfortable...
But note: HA 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 of direct interests only, but not derivative transactions or indirect interests.
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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.
