Polaris Capital Management LLC raised its stake in shares of Wabash National Co. (NYSE:WNC - Free Report) by 28.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,800 shares of the company's stock after purchasing an additional 21,600 shares during the period. Polaris Capital Management LLC owned 0.23% of Wabash National worth $1,675,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. bought a new position in shares of Wabash National during the 3rd quarter valued at about $27,000. Gladius Capital Management LP bought a new position in shares of Wabash National during the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. bought a new position in shares of Wabash National during the 3rd quarter valued at about $44,000. EMC Capital Management raised its position in shares of Wabash National by 88.1% during the 4th quarter. EMC Capital Management now owns 8,250 shares of the company's stock valued at $141,000 after buying an additional 3,864 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Wabash National during the 3rd quarter valued at about $192,000. Institutional investors own 97.05% of the company's stock.
Wabash National Price Performance
Shares of NYSE WNC traded up $0.05 during mid-day trading on Friday, hitting $12.45. 579,482 shares of the company's stock traded hands, compared to its average volume of 933,251. The company's 50-day moving average is $16.53 and its two-hundred day moving average is $18.16. 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 $539.37 million, a P/E ratio of -1.91 and a beta of 1.55. Wabash National Co. has a 1 year low of $12.37 and a 1 year high of $30.07.
Wabash National (NYSE:WNC - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm earned $1.07 EPS. On average, equities analysts anticipate that Wabash National Co. will post 0.94 EPS for the current fiscal year.
Wabash National Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.57%. Wabash National's dividend payout ratio is -4.91%.
Insider Buying and Selling
In related news, SVP Michael N. Pettit sold 1,500 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total value of $25,785.00. Following the sale, the senior vice president now directly owns 117,227 shares of the company's stock, valued at $2,015,132.13. This represents a 1.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.78% of the stock is currently owned by corporate insiders.
Wabash National Company Profile
(
Free Report)
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.
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