Mutual Advisors LLC Acquires Shares of 61,483 Wabash National Corporation (NYSE:WNC)

Mutual Advisors LLC bought a new stake in shares of Wabash National Corporation (NYSE:WNC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 61,483 shares of the company's stock, valued at approximately $679,000. Mutual Advisors LLC owned 0.15% of Wabash National as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Peregrine Capital Management LLC grew its position in shares of Wabash National by 1.8% during the 1st quarter. Peregrine Capital Management LLC now owns 673,193 shares of the company's stock worth $7,439,000 after buying an additional 11,934 shares during the period. TrueMark Investments LLC purchased a new position in Wabash National during the 1st quarter worth $3,818,000. SG Americas Securities LLC boosted its holdings in Wabash National by 88.0% during the 1st quarter. SG Americas Securities LLC now owns 26,467 shares of the company's stock worth $292,000 after acquiring an additional 12,389 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Wabash National by 982.1% during the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock worth $85,000 after acquiring an additional 6,973 shares during the last quarter. Finally, Curat Global LLC purchased a new position in Wabash National during the 1st quarter worth $37,000. Institutional investors and hedge funds own 97.05% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lifted their price objective on shares of Wabash National from $7.50 to $9.50 and gave the stock a "neutral" rating in a report on Monday, June 23rd.

Wabash National Stock Performance

NYSE:WNC traded up $0.02 during trading hours on Tuesday, reaching $11.30. The stock had a trading volume of 389,230 shares, compared to its average volume of 783,048. The stock has a 50 day simple moving average of $9.61 and a 200 day simple moving average of $11.83. Wabash National Corporation has a 12-month low of $6.78 and a 12-month high of $24.03. The stock has a market cap of $473.13 million, a P/E ratio of -7.29 and a beta of 1.65. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.58.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.32). Wabash National had a negative net margin of 3.93% and a positive return on equity of 3.49%. The firm had revenue of $380.89 million during the quarter, compared to the consensus estimate of $414.55 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The company's revenue was down 26.1% on a year-over-year basis. On average, research analysts forecast that Wabash National Corporation will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Thursday, July 3rd. Wabash National's payout ratio is -20.65%.

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.