GSA Capital Partners LLP Buys 73,325 Shares of Wabash National Corporation $WNC

GSA Capital Partners LLP increased its holdings in shares of Wabash National Corporation (NYSE:WNC) by 104.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 143,594 shares of the company’s stock after purchasing an additional 73,325 shares during the period. GSA Capital Partners LLP owned 0.35% of Wabash National worth $1,242,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. CWM LLC boosted its holdings in shares of Wabash National by 82.6% during the fourth quarter. CWM LLC now owns 6,099 shares of the company’s stock worth $53,000 after acquiring an additional 2,758 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Wabash National during the third quarter valued at approximately $73,000. BNP Paribas Financial Markets raised its position in Wabash National by 104.4% during the third quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock valued at $80,000 after purchasing an additional 4,129 shares in the last quarter. World Investment Advisors acquired a new position in Wabash National during the fourth quarter valued at approximately $91,000. Finally, Inceptionr LLC acquired a new position in shares of Wabash National during the third quarter worth $102,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Price Performance

WNC stock opened at $6.96 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.33 and a quick ratio of 0.77. Wabash National Corporation has a 1 year low of $6.63 and a 1 year high of $12.94. The stock has a market capitalization of $282.86 million, a PE ratio of -4.35 and a beta of 1.61. The company’s 50-day moving average is $8.34 and its 200-day moving average is $9.13.

Wabash National (NYSE:WNC) last posted its earnings results on Friday, May 1st. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.16). Wabash National had a negative return on equity of 30.16% and a negative net margin of 4.41%.The business had revenue of $303.23 million during the quarter, compared to analyst estimates of $319.03 million. During the same quarter in the prior year, the company earned ($0.58) EPS. The company’s revenue was down 20.4% on a year-over-year basis. Equities research analysts expect that Wabash National Corporation will post -1.75 EPS for the current fiscal year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.32 annualized dividend and a dividend yield of 4.6%. Wabash National’s dividend payout ratio (DPR) is currently -20.00%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Wabash National from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 21st. DA Davidson reduced their price objective on shares of Wabash National from $11.00 to $8.50 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Weiss Ratings cut shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $8.75.

Wabash National Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.