Y Intercept Hong Kong Ltd Sells 9,756 Shares of Wabash National Co. (NYSE:WNC)

Y Intercept Hong Kong Ltd lowered its stake in shares of Wabash National Co. (NYSE:WNC) by 27.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,774 shares of the company’s stock after selling 9,756 shares during the period. Y Intercept Hong Kong Ltd owned 0.06% of Wabash National worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kathleen S. Wright Associates Inc. purchased a new position in Wabash National during the third quarter valued at $27,000. Gladius Capital Management LP purchased a new position in shares of Wabash National during the third quarter valued at about $29,000. Innealta Capital LLC purchased a new position in shares of Wabash National during the second quarter valued at about $33,000. Point72 Hong Kong Ltd bought a new stake in shares of Wabash National in the second quarter worth about $34,000. Finally, CWM LLC lifted its position in shares of Wabash National by 353.5% in the second quarter. CWM LLC now owns 2,272 shares of the company’s stock worth $50,000 after buying an additional 1,771 shares in the last quarter. Institutional investors own 97.05% of the company’s stock.

Wabash National Price Performance

Wabash National stock opened at $18.60 on Monday. Wabash National Co. has a 12-month low of $15.94 and a 12-month high of $30.07. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97. The firm has a 50-day moving average price of $18.83 and a 200-day moving average price of $19.80. The firm has a market capitalization of $806.07 million, a PE ratio of -3.43 and a beta of 1.54.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The business had revenue of $464.00 million during the quarter, compared to analysts’ expectations of $477.35 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. The company’s quarterly revenue was down 26.7% compared to the same quarter last year. As a group, equities research analysts forecast that Wabash National Co. will post 1.29 EPS for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Thursday, January 9th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, January 9th. Wabash National’s dividend payout ratio is -5.89%.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a “neutral” rating and set a $18.00 target price on shares of Wabash National in a research report on Monday, September 30th.

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.