TrueMark Investments LLC Makes New $3.82 Million Investment in Wabash National Corporation (NYSE:WNC)

TrueMark Investments LLC bought a new stake in Wabash National Corporation (NYSE:WNC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 345,515 shares of the company's stock, valued at approximately $3,818,000. TrueMark Investments LLC owned approximately 0.82% of Wabash National as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised its stake in shares of Wabash National by 255.9% in the 1st 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 in the last quarter. Curat Global LLC acquired a new stake in shares of Wabash National in the 1st quarter valued at about $37,000. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 6,973 shares in the last quarter. AlphaQuest LLC grew its position in shares of Wabash National by 332,066.7% during the 4th quarter. AlphaQuest LLC now owns 9,965 shares of the company's stock valued at $171,000 after buying an additional 9,962 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Wabash National during the 4th quarter valued at about $212,000. Institutional investors and hedge funds own 97.05% of the company's stock.

Wabash National Stock Performance

Shares of NYSE:WNC traded up $0.21 during trading on Thursday, reaching $10.70. 399,734 shares of the company's stock traded hands, compared to its average volume of 792,364. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.58 and a quick ratio of 0.91. Wabash National Corporation has a 12 month low of $6.78 and a 12 month high of $24.03. The company has a 50 day moving average of $9.45 and a 200-day moving average of $12.34. The stock has a market capitalization of $447.80 million, a P/E ratio of -6.90 and a beta of 1.61.

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 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 business had revenue of $380.89 million for the quarter, compared to the consensus estimate of $414.55 million. During the same period in the prior year, the company earned $0.39 EPS. Wabash National's quarterly revenue was down 26.1% on a year-over-year basis. On average, equities analysts expect that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.99%. The ex-dividend date is Thursday, July 3rd. Wabash National's dividend payout ratio (DPR) is -20.65%.

Analyst Upgrades and Downgrades

Separately, DA Davidson boosted their price objective on shares of Wabash National from $7.50 to $9.50 and gave the company a "neutral" rating in a research report on Monday.

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.