GAMMA Investing LLC Purchases 84,187 Shares of Wabash National Corporation (NYSE:WNC)

GAMMA Investing LLC raised its stake in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 11,857.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,897 shares of the company's stock after buying an additional 84,187 shares during the period. GAMMA Investing LLC owned approximately 0.20% of Wabash National worth $938,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its stake in Wabash National by 6.2% during the fourth quarter. Quantinno Capital Management LP now owns 15,420 shares of the company's stock valued at $264,000 after buying an additional 896 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Wabash National by 7.0% during the 4th quarter. Vident Advisory LLC now owns 25,752 shares of the company's stock valued at $441,000 after purchasing an additional 1,678 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Wabash National by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 210,137 shares of the company's stock worth $3,600,000 after purchasing an additional 2,704 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Wabash National by 4.5% in the 4th quarter. BNP Paribas Financial Markets now owns 88,422 shares of the company's stock worth $1,515,000 after purchasing an additional 3,832 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its holdings in shares of Wabash National by 9.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 58,710 shares of the company's stock worth $1,006,000 after purchasing an additional 5,064 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Wabash National Trading Down 1.3%

Shares of NYSE WNC traded down $0.14 during mid-day trading on Friday, hitting $10.25. 298,497 shares of the company traded hands, compared to its average volume of 797,180. The company has a quick ratio of 0.91, a current ratio of 1.58 and a debt-to-equity ratio of 1.03. Wabash National Corporation has a 1 year low of $6.78 and a 1 year high of $24.03. The stock has a market capitalization of $429.17 million, a price-to-earnings ratio of -6.61 and a beta of 1.61. The business has a 50 day moving average of $9.38 and a two-hundred day moving average of $12.59.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.58) 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 for the quarter, compared to analysts' expectations of $414.55 million. During the same period in the prior year, the company posted $0.39 earnings per share. Wabash National's quarterly revenue was down 26.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, July 3rd. Wabash National's dividend payout ratio is currently -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.