The fact that multiple HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

HA Sustainable Infrastructure Capital Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Executive Chairman, Jeffrey Eckel, sold US$5.1m worth of shares at a price of US$34.92 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$26.71). So it may not tell us anything about how insiders feel about the current share price.

All up, insiders sold more shares in HA Sustainable Infrastructure Capital than they bought, over the last year. 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!

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HA Sustainable Infrastructure Capital Insiders Bought Stock Recently

Over the last three months, we've seen significant insider buying at HA Sustainable Infrastructure Capital. Executive VP & CFO Marc Pangburn spent US$100k on stock, and there wasn't any selling. This could be interpreted as suggesting a positive outlook.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. HA Sustainable Infrastructure Capital insiders own about US$47m worth of shares. That equates to 1.4% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About HA Sustainable Infrastructure Capital Insiders?

The recent insider purchase is heartening. On the other hand the transaction history, over the last year, isn't so positive. The more recent transactions are a positive, but HA Sustainable Infrastructure Capital insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. So they seem pretty well aligned, overall. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing HA Sustainable Infrastructure Capital. When we did our research, we found 3 warning signs for HA Sustainable Infrastructure Capital (1 shouldn't be ignored!) that we believe deserve your full attention.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.