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.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!