Wabash National Co. (NYSE:WNC) Short Interest Down 14.2% in January

Wabash National Co. (NYSE:WNC) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 3,320,000 shares, a decline of 14.2% from the December 31st total of 3,870,000 shares. Based on an average daily trading volume, of 605,400 shares, the short-interest ratio is currently 5.5 days. Currently, 7.9% of the shares of the stock are sold short.

Insider Buying and Selling

In other news, SVP Michael N. Pettit sold 1,500 shares of Wabash National stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total transaction of $25,785.00. Following the sale, the senior vice president now directly owns 117,227 shares of the company’s stock, valued at approximately $2,015,132.13. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.78% of the stock is owned by insiders.

Hedge Funds Weigh In On Wabash National

Several institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new position in Wabash National during the fourth quarter valued at approximately $25,688,000. Millennium Management LLC lifted its position in Wabash National by 1,311.6% in the 2nd quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock valued at $6,113,000 after acquiring an additional 260,072 shares in the last quarter. Weiss Asset Management LP acquired a new position in Wabash National in the 3rd quarter worth $3,457,000. Hotchkis & Wiley Capital Management LLC increased its holdings in Wabash National by 43.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 589,929 shares of the company’s stock worth $11,321,000 after purchasing an additional 178,430 shares in the last quarter. Finally, CX Institutional bought a new position in Wabash National during the 3rd quarter worth about $2,322,000. 97.05% of the stock is owned by institutional investors.

Wabash National Price Performance

NYSE:WNC opened at $15.60 on Monday. The business’s 50-day moving average price is $17.58 and its 200 day moving average price is $18.62. Wabash National has a 52-week low of $14.87 and a 52-week high of $30.07. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. During the same period in the prior year, the company earned $1.07 earnings per share. As a group, sell-side analysts predict that Wabash National will post 0.95 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.05%. The ex-dividend date was Friday, January 10th. Wabash National’s dividend payout ratio is currently -4.91%.

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.