Bryce Point Capital LLC Sells 24,294 Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Key Points

• Bryce Point Capital LLC reduced its holdings in HA Sustainable Infrastructure Capital, Inc. by 50.1% during the first quarter, leaving them with 24,194 shares valued at approximately $701,000.
• Other institutional investors such as Wellington Management Group LLP and FMR LLC increased their positions significantly, highlighting ongoing interest in the stock despite Bryce Point's sell-off.
• HA Sustainable Infrastructure Capital recently announced a quarterly dividend of $0.42 per share, translating to an annualized yield of 6.02%, with a high dividend payout ratio of 161.54%.

Bryce Point Capital LLC decreased its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 50.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,194 shares of the real estate investment trust's stock after selling 24,294 shares during the quarter. Bryce Point Capital LLC's holdings in HA Sustainable Infrastructure Capital were worth $701,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HASI. Cetera Investment Advisers boosted its holdings in HA Sustainable Infrastructure Capital by 13.3% in the first quarter. Cetera Investment Advisers now owns 24,405 shares of the real estate investment trust's stock worth $714,000 after purchasing an additional 2,866 shares during the period. Avantax Advisory Services Inc. lifted its holdings in HA Sustainable Infrastructure Capital by 6.1% in the first quarter. Avantax Advisory Services Inc. now owns 12,788 shares of the real estate investment trust's stock worth $374,000 after purchasing an additional 738 shares during the period. SFE Investment Counsel raised its holdings in HA Sustainable Infrastructure Capital by 4.5% during the first quarter. SFE Investment Counsel now owns 163,186 shares of the real estate investment trust's stock worth $4,772,000 after purchasing an additional 7,082 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in HA Sustainable Infrastructure Capital during the 1st quarter valued at $19,058,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of HA Sustainable Infrastructure Capital in the 1st quarter worth $349,000. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI traded down $0.72 during trading hours on Wednesday, reaching $26.84. 655,912 shares of the company traded hands, compared to its average volume of 1,277,612. The company has a debt-to-equity ratio of 1.91, a quick ratio of 11.04 and a current ratio of 11.04. The stock's fifty day moving average is $26.54 and its 200 day moving average is $27.04. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.98 and a 1-year high of $36.56. The stock has a market cap of $3.26 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 1.03 and a beta of 1.68.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Wednesday, July 2nd were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 6.26%. The ex-dividend date was Wednesday, July 2nd. HA Sustainable Infrastructure Capital's payout ratio is presently 161.54%.

Analysts Set New Price Targets

Several research firms recently commented on HASI. Wall Street Zen lowered shares of HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Robert W. Baird reduced their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.40.

HA Sustainable Infrastructure Capital Profile

HA Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment of energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.