CenterBook Partners LP Makes New $1.50 Million Investment in Wabash National Corporation (NYSE:WNC)

CenterBook Partners LP bought a new stake in shares of Wabash National Corporation (NYSE:WNC - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 135,979 shares of the company's stock, valued at approximately $1,503,000. CenterBook Partners LP owned about 0.32% of Wabash National as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Parallel Advisors LLC grew its position in Wabash National by 255.9% during the first quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock valued at $26,000 after acquiring an additional 1,722 shares during the period. Allworth Financial LP grew its position in Wabash National by 268.8% during the first quarter. Allworth Financial LP now owns 3,220 shares of the company's stock valued at $34,000 after acquiring an additional 2,347 shares during the period. Curat Global LLC purchased a new stake in Wabash National during the first quarter valued at about $37,000. CWM LLC grew its position in Wabash National by 1,520.7% during the first quarter. CWM LLC now owns 5,235 shares of the company's stock valued at $58,000 after acquiring an additional 4,912 shares during the period. Finally, GAMMA Investing LLC grew its position in Wabash National by 982.1% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock valued at $85,000 after acquiring an additional 6,973 shares during the period. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wabash National Stock Performance

WNC stock traded down $0.22 during trading on Friday, reaching $9.70. 4,849,438 shares of the stock were exchanged, compared to its average volume of 809,405. The company has a market capitalization of $406.14 million, a P/E ratio of -6.26 and a beta of 1.65. The company has a current ratio of 1.58, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. Wabash National Corporation has a twelve month low of $6.78 and a twelve month high of $23.11. The stock has a 50 day simple moving average of $10.01 and a 200-day simple moving average of $11.41.

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

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.32 annualized dividend and a yield of 3.30%. Wabash National's dividend payout ratio (DPR) is presently -20.65%.

Analysts Set New Price Targets

Separately, DA Davidson boosted their price target on Wabash National from $7.50 to $9.50 and gave the stock a "neutral" rating in a research note on Monday, June 23rd.

About Wabash National

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.