SG Americas Securities LLC Sells 7,947 Shares of Wabash National Co. (NYSE:WNC)

SG Americas Securities LLC lessened its holdings in shares of Wabash National Co. (NYSE:WNC) by 36.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,078 shares of the company’s stock after selling 7,947 shares during the period. SG Americas Securities LLC’s holdings in Wabash National were worth $241,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WNC. Kathleen S. Wright Associates Inc. purchased a new position in Wabash National during the 3rd quarter valued at $27,000. Gladius Capital Management LP bought a new stake in shares of Wabash National during the third quarter worth $29,000. Meeder Asset Management Inc. purchased a new stake in shares of Wabash National during the third quarter valued at $44,000. HighTower Advisors LLC bought a new position in shares of Wabash National in the third quarter worth about $192,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Wabash National in the 3rd quarter worth about $203,000. Institutional investors own 97.05% of the company’s stock.

Insider Activity

In related news, SVP Michael N. Pettit sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total value of $25,785.00. Following the completion of the transaction, 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 filing with the SEC, which is available at the SEC website. Insiders own 1.78% of the company’s stock.

Wabash National Trading Down 3.4 %

Shares of WNC opened at $14.33 on Friday. The firm has a market capitalization of $621.02 million, a price-to-earnings ratio of -2.20 and a beta of 1.55. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. Wabash National Co. has a 1-year low of $14.21 and a 1-year high of $30.07. The company has a 50-day moving average of $17.30 and a 200 day moving average of $18.49.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share 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 prior year, the company posted $1.07 EPS. On average, research analysts expect that Wabash National Co. will post 0.95 EPS for the current year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Friday, January 10th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, January 10th. 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.