Nicola Wealth Management LTD. Sells 15,000 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Nicola Wealth Management LTD. reduced its stake in HA Sustainable Infrastructure Capital by 15% during Q1, selling 15,000 shares and holding 85,000 shares valued at approximately $2.5 million afterward.
• Several institutional investors increased their stakes in HA Sustainable Infrastructure Capital, with notable increases from Signaturefd LLC (up 72.4%) and others, highlighting strong investor interest.
• HA Sustainable Infrastructure Capital announced a quarterly dividend of $0.42 per share, resulting in an annualized yield of 5.9%, with a payout ratio indicating a commitment to dividends despite potential over-extension.

Nicola Wealth Management LTD. cut its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 15.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,000 shares of the real estate investment trust's stock after selling 15,000 shares during the quarter. Nicola Wealth Management LTD. owned 0.07% of HA Sustainable Infrastructure Capital worth $2,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in HA Sustainable Infrastructure Capital by 31.5% in the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the real estate investment trust's stock valued at $171,000 after buying an additional 1,400 shares during the last quarter. GSA Capital Partners LLP acquired a new position in HA Sustainable Infrastructure Capital in the 1st quarter valued at approximately $880,000. Principal Financial Group Inc. raised its stake in shares of HA Sustainable Infrastructure Capital by 3.1% during the first quarter. Principal Financial Group Inc. now owns 592,282 shares of the real estate investment trust's stock valued at $17,318,000 after acquiring an additional 17,880 shares during the last quarter. Aurora Private Wealth Inc. acquired a new position in shares of HA Sustainable Infrastructure Capital during the first quarter worth $675,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of HA Sustainable Infrastructure Capital by 171.4% in the first quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 82,203 shares of the real estate investment trust's stock worth $2,404,000 after purchasing an additional 51,917 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group lifted their target price on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Wall Street Zen upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $37.38.

HA Sustainable Infrastructure Capital Trading Up 1.8%

Shares of HA Sustainable Infrastructure Capital stock traded up $0.52 on Wednesday, reaching $28.65. 368,772 shares of the company's stock were exchanged, compared to its average volume of 1,233,943. The firm's 50-day moving average is $27.26 and its two-hundred day moving average is $26.86. The company has a market capitalization of $3.56 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 1.06 and a beta of 1.58. The company has a debt-to-equity ratio of 1.82, a quick ratio of 10.81 and a current ratio of 10.81. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.98 and a 52 week high of $36.56.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.68 annualized dividend and a dividend yield of 5.9%. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 108.39%.

About HA Sustainable Infrastructure Capital

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.