Wabash National Co. (NYSE:WNC) Short Interest Update

Wabash National Co. (NYSE:WNC) saw 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 volume of 605,400 shares, the days-to-cover ratio is currently 5.5 days. Currently, 7.9% of the company’s stock are sold short.

Insider Activity at Wabash National

In related news, SVP Michael N. Pettit sold 1,500 shares of Wabash National stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total value of $25,785.00. Following the completion of the sale, the senior vice president now owns 117,227 shares of the company’s stock, valued at $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 SEC, which is available at this link. 1.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Wabash National

A number of large investors have recently modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new position in Wabash National during the 3rd quarter valued at approximately $27,000. Gladius Capital Management LP acquired a new position in shares of Wabash National during the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new stake in shares of Wabash National in the third quarter valued at about $44,000. EMC Capital Management lifted its position in shares of Wabash National by 88.1% in the fourth quarter. EMC Capital Management now owns 8,250 shares of the company’s stock valued at $141,000 after acquiring an additional 3,864 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Wabash National in the second quarter valued at about $181,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Stock Performance

Shares of WNC stock remained flat at $15.60 during mid-day trading on Friday. 2,934,213 shares of the stock were exchanged, compared to its average volume of 767,827. The firm’s 50 day moving average price is $17.58 and its 200 day moving average price is $18.68. Wabash National has a 12-month low of $14.87 and a 12-month high of $30.07. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97. The stock has a market cap of $676.10 million, a price-to-earnings ratio of -2.39 and a beta of 1.57.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, January 29th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Wabash National had a positive return on equity of 12.65% and a negative net margin of 14.59%. During the same period in the previous year, the company earned $1.07 earnings per share. As a group, equities analysts expect that Wabash National will post 0.95 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

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

About Wabash National

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.