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

GSA Capital Partners LLP lifted its stake in shares of Wabash National Corporation (NYSE:WNC) by 104.3% in the 4th quarter, HoldingsChannel reports. The firm owned 143,594 shares of the company’s stock after buying an additional 73,325 shares during the quarter. GSA Capital Partners LLP’s holdings in Wabash National were worth $1,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. CWM LLC increased its stake in shares of Wabash National by 82.6% during the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock worth $53,000 after purchasing an additional 2,758 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Wabash National in the 3rd quarter worth approximately $73,000. BNP Paribas Financial Markets boosted its holdings in Wabash National by 104.4% in the 3rd 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 during the period. Inceptionr LLC bought a new position in Wabash National in the 3rd quarter valued at $102,000. Finally, World Investment Advisors bought a new position in Wabash National in the 4th quarter valued at $91,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on WNC shares. DA Davidson cut their price target on shares of Wabash National from $11.00 to $8.50 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Wall Street Zen cut shares of Wabash National from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 21st. 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 analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $8.75.

Wabash National Stock Performance

Wabash National stock opened at $6.96 on Thursday. The firm’s fifty day moving average price is $8.34 and its 200-day moving average price is $9.13. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33. The stock has a market cap of $282.86 million, a P/E ratio of -4.35 and a beta of 1.61. Wabash National Corporation has a fifty-two week low of $6.63 and a fifty-two week high of $12.94.

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

Wabash National Announces Dividend

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

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.