Wabash National Corporation (NYSE:WNC): Insiders Are Dumping, Should You? – Navistar International Corp (NYSE:NAV), Spartan Motors Inc (NASDAQ:SPAR)

Wabash National Corporation (NYSE:WNC) has experienced a decrease in hedge fund sentiment recently.

Wabash National Corporation (NYSE:WNC)

At the moment, there are a multitude of gauges shareholders can use to analyze stocks. Two of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the best fund managers can outclass the S&P 500 by a solid amount (see just how much).

Equally as important, bullish insider trading sentiment is another way to parse down the marketplace. Just as you’d expect, there are lots of motivations for an insider to sell shares of his or her company, but only one, very simple reason why they would initiate a purchase. Several empirical studies have demonstrated the market-beating potential of this method if investors know where to look (learn more here).

With all of this in mind, it’s important to take a peek at the key action encompassing Wabash National Corporation (NYSE:WNC).

What have hedge funds been doing with Wabash National Corporation (NYSE:WNC)?

At the end of the fourth quarter, a total of 13 of the hedge funds we track were bullish in this stock, a change of -7% from the previous quarter. With the smart money’s sentiment swirling, there exists a select group of notable hedge fund managers who were boosting their holdings substantially.

When looking at the hedgies we track, Peconic Partners LLC, managed by William Harnisch, holds the biggest position in Wabash National Corporation (NYSE:WNC). Peconic Partners LLC has a $17 million position in the stock, comprising 3.3% of its 13F portfolio. Sitting at the No. 2 spot is Buckingham Capital Management, managed by David Keidan, which held a $11 million position; the fund has 0.9% of its 13F portfolio invested in the stock. Some other hedgies with similar optimism include Richard Driehaus’s Driehaus Capital, Anthony Giammalva’s Sound Energy Partners and Jim Simons’s Renaissance Technologies.

Since Wabash National Corporation (NYSE:WNC) has experienced a declination in interest from the aggregate hedge fund industry, logic holds that there exists a select few funds that decided to sell off their full holdings heading into 2013. Intriguingly, SAC Subsidiary’s CR Intrinsic Investors sold off the largest stake of the “upper crust” of funds we monitor, comprising an estimated $3 million in stock.. Alexander Mitchell’s fund, Scopus Asset Management, also cut its stock, about $1 million worth. These moves are important to note, as total hedge fund interest fell by 1 funds heading into 2013.

How have insiders been trading Wabash National Corporation (NYSE:WNC)?

Insider trading activity, especially when it’s bullish, is at its handiest when the company we’re looking at has experienced transactions within the past six months. Over the last half-year time frame, Wabash National Corporation (NYSE:WNC) has experienced zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Wabash National Corporation (NYSE:WNC). These stocks are Oshkosh Corporation (NYSE:OSK), Navistar International Corp (NYSE:NAV), Spartan Motors Inc (NASDAQ:SPAR), Accuride Corporation (NYSE:ACW), and Hyster-Yale Materials Handling Inc (NYSE:HY). This group of stocks are the members of the trucks & other vehicles industry and their market caps resemble WNC’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Oshkosh Corporation (NYSE:OSK) 20 1 8
Navistar International Corp (NYSE:NAV) 18 3 1
Spartan Motors Inc (NASDAQ:SPAR) 6 0 1
Accuride Corporation (NYSE:ACW) 7 2 0
Hyster-Yale Materials Handling Inc (NYSE:HY) 11 2 0

With the results demonstrated by Insider Monkey’s studies, everyday investors should always monitor hedge fund and insider trading sentiment, and Wabash National Corporation (NYSE:WNC) shareholders fit into this picture quite nicely.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 37% between September 2012 and March 2013 versus 12.9% for the S&P 500 index. Try it now by clicking the link above.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!