B. Riley Wealth Advisors Inc. Cuts Stock Position in Wabash National Co. (NYSE:WNC)

B. Riley Wealth Advisors Inc. reduced its position in Wabash National Co. (NYSE:WNC) by 11.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,513 shares of the company’s stock after selling 9,294 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Wabash National were worth $2,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Gladius Capital Management LP bought a new stake in shares of Wabash National in the 4th quarter valued at about $36,000. Quadrant Capital Group LLC raised its position in Wabash National by 61.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $38,000 after purchasing an additional 565 shares during the last quarter. Tradewinds Capital Management LLC purchased a new position in shares of Wabash National during the 1st quarter worth approximately $48,000. EntryPoint Capital LLC grew its holdings in shares of Wabash National by 240.8% during the 1st quarter. EntryPoint Capital LLC now owns 4,628 shares of the company’s stock worth $139,000 after acquiring an additional 3,270 shares during the period. Finally, Sciencast Management LP purchased a new stake in shares of Wabash National in the 1st quarter worth approximately $229,000. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Price Performance

NYSE:WNC traded up $0.08 on Wednesday, reaching $21.49. 663,915 shares of the company’s stock traded hands, compared to its average volume of 617,397. The company has a quick ratio of 1.15, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The stock has a 50-day simple moving average of $21.56 and a 200-day simple moving average of $24.46. The firm has a market cap of $945.56 million, a PE ratio of 5.15 and a beta of 1.56. Wabash National Co. has a 12 month low of $20.00 and a 12 month high of $30.07.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. The company had revenue of $550.61 million during the quarter, compared to analyst estimates of $594.77 million. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The firm’s revenue was down 19.8% on a year-over-year basis. During the same quarter last year, the business posted $1.54 earnings per share. Equities research analysts forecast that Wabash National Co. will post 1.53 earnings per share for the current year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Wednesday, July 3rd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Wednesday, July 3rd. Wabash National’s payout ratio is currently 7.69%.

Analyst Ratings Changes

Several analysts have commented on WNC shares. StockNews.com downgraded Wabash National from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. DA Davidson reissued a “neutral” rating and set a $23.00 price target on shares of Wabash National in a report on Monday, June 24th.

Wabash National Profile

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.