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

CenterBook Partners LP purchased a new stake in Wabash National Corporation (NYSE:WNC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 135,979 shares of the company's stock, valued at approximately $1,503,000. CenterBook Partners LP owned approximately 0.32% of Wabash National at the end of the most recent reporting period.

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

Wabash National Stock Performance

NYSE WNC traded up $0.05 on Thursday, hitting $9.91. 1,352,737 shares of the company's stock were exchanged, compared to its average volume of 793,209. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.58 and a quick ratio of 0.91. The firm's 50-day moving average price is $9.96 and its two-hundred day moving average price is $11.59. Wabash National Corporation has a fifty-two week low of $6.78 and a fifty-two week high of $23.62. The firm has a market cap of $414.85 million, a price-to-earnings ratio of -6.39 and a beta of 1.65.

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 for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.32). The company 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 for the quarter was down 26.1% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. On average, research analysts expect that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Thursday, July 3rd. Wabash National's dividend payout ratio (DPR) is presently -20.65%.

Analyst Ratings Changes

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

Wabash National 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.