Voloridge Investment Management LLC Has $6.42 Million Position in Wabash National Co. (NYSE:WNC)

Voloridge Investment Management LLC lessened its position in Wabash National Co. (NYSE:WNC - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 374,904 shares of the company's stock after selling 151,818 shares during the quarter. Voloridge Investment Management LLC owned 0.87% of Wabash National worth $6,422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. EMC Capital Management lifted its holdings in shares of Wabash National by 88.1% during the fourth quarter. EMC Capital Management now owns 8,250 shares of the company's stock valued at $141,000 after purchasing an additional 3,864 shares during the last quarter. AlphaQuest LLC raised its stake in 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. Brevan Howard Capital Management LP purchased a new stake in Wabash National during the 4th quarter valued at $212,000. Entropy Technologies LP purchased a new stake in Wabash National during the 4th quarter valued at $219,000. Finally, ProShare Advisors LLC bought a new stake in shares of Wabash National during the 4th quarter valued at $222,000. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Price Performance

Shares of NYSE WNC traded up $0.04 during mid-day trading on Friday, hitting $8.66. 103,827 shares of the company's stock traded hands, compared to its average volume of 794,002. The company's 50-day moving average is $9.62 and its two-hundred day moving average is $13.58. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. The company has a market capitalization of $362.38 million, a P/E ratio of -1.33 and a beta of 1.57. Wabash National Co. has a 1 year low of $6.78 and a 1 year high of $24.03.

Wabash National (NYSE:WNC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.58) EPS 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 analysts' expectations of $414.55 million. Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. The business's revenue was down 26.1% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. On average, equities analysts anticipate that Wabash National Co. will post 0.94 EPS for the current fiscal 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 issued a $0.08 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $0.32 annualized dividend and a yield of 3.70%. Wabash National's payout ratio is -20.65%.

Analyst Ratings Changes

Separately, DA Davidson dropped their target price on shares of Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, February 24th.

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.