EMC Capital Management Increases Position in Wabash National Co. (NYSE:WNC)

EMC Capital Management grew its holdings in shares of Wabash National Co. (NYSE:WNC) by 88.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,250 shares of the company’s stock after purchasing an additional 3,864 shares during the period. EMC Capital Management’s holdings in Wabash National were worth $141,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Kathleen S. Wright Associates Inc. bought a new position in Wabash National during the 3rd quarter valued at approximately $27,000. Gladius Capital Management LP bought a new position in shares of Wabash National during the third quarter valued at $29,000. Mackenzie Financial Corp raised its position in shares of Wabash National by 15.6% in the 2nd quarter. Mackenzie Financial Corp now owns 12,431 shares of the company’s stock worth $271,000 after purchasing an additional 1,677 shares during the last quarter. Inspire Investing LLC boosted its stake in Wabash National by 8.7% in the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company’s stock worth $399,000 after purchasing an additional 1,860 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in Wabash National by 18.1% during the 3rd quarter. Quantinno Capital Management LP now owns 14,524 shares of the company’s stock valued at $279,000 after purchasing an additional 2,227 shares during the last quarter. 97.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Michael N. Pettit sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total transaction of $25,785.00. Following the sale, the senior vice president now owns 117,227 shares of the company’s stock, valued at $2,015,132.13. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.78% of the stock is owned by insiders.

Wabash National Stock Down 4.3 %

Shares of Wabash National stock opened at $15.61 on Friday. The company has a 50-day simple moving average of $17.72 and a two-hundred day simple moving average of $18.75. Wabash National Co. has a 52-week low of $14.87 and a 52-week high of $30.07. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Wabash National had a positive return on equity of 12.65% and a negative net margin of 14.59%. During the same quarter in the previous year, the business earned $1.07 earnings per share. Equities research analysts forecast that Wabash National Co. will post 0.95 EPS for the current year.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.32 annualized dividend and a yield of 2.05%. Wabash National’s payout ratio is -4.91%.

Wabash National Company 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.