VELA Investment Management LLC Takes Position in Wabash National Co. (NYSE:WNC)

VELA Investment Management LLC bought a new stake in shares of Wabash National Co. (NYSE:WNC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 50,878 shares of the company's stock, valued at approximately $1,303,000. VELA Investment Management LLC owned about 0.11% of Wabash National at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in WNC. Quantbot Technologies LP acquired a new position in shares of Wabash National during the first quarter worth approximately $26,000. Quarry LP boosted its position in shares of Wabash National by 451.5% during the first quarter. Quarry LP now owns 2,002 shares of the company's stock worth $49,000 after buying an additional 1,639 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Wabash National by 123.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company's stock worth $59,000 after buying an additional 2,108 shares during the period. Captrust Financial Advisors boosted its position in shares of Wabash National by 62.4% during the first quarter. Captrust Financial Advisors now owns 4,470 shares of the company's stock worth $66,000 after buying an additional 1,717 shares during the period. Finally, Metropolitan Life Insurance Co NY boosted its position in shares of Wabash National by 21.7% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,998 shares of the company's stock worth $68,000 after buying an additional 535 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Wabash National

In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the business's stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total transaction of $81,779.00. Following the sale, the director now directly owns 114,146 shares of the company's stock, valued at approximately $3,024,869. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total value of $27,330.60. Following the transaction, the director now directly owns 6,386 shares of the company's stock, valued at $172,805.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry J. Magee sold 3,086 shares of the company's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total transaction of $81,779.00. Following the completion of the transaction, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The disclosure for this sale can be found here. Company insiders own 1.13% of the company's stock.

Wabash National Price Performance

Shares of NYSE:WNC traded down $0.24 on Monday, reaching $26.50. 435,369 shares of the company traded hands, compared to its average volume of 603,336. Wabash National Co. has a fifty-two week low of $20.09 and a fifty-two week high of $30.07. The company's 50 day moving average is $27.41 and its 200-day moving average is $24.73. The stock has a market capitalization of $1.20 billion, a PE ratio of 5.51 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.93 and a quick ratio of 1.17.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.18. Wabash National had a return on equity of 46.87% and a net margin of 9.12%. The company had revenue of $596.10 million during the quarter, compared to the consensus estimate of $633.68 million. During the same quarter in the prior year, the firm earned $0.84 EPS. The company's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, analysts anticipate that Wabash National Co. will post 2.19 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.21%. The ex-dividend date is Wednesday, April 3rd. Wabash National's dividend payout ratio (DPR) is currently 6.65%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Wabash National from a "buy" rating to a "hold" rating in a research report on Wednesday, April 10th.

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.