Mar. 17 at 10:55 AM
Recent
$WSC’s purchases can be a sign of management’s conviction as shares trade near 52-week lows. CEO Bradley Soultz and COO Timothy Boswell collectively purchased 15,000 shares for
$433K in March, following a pattern of steady executive buying since November.
The company's recent
$500M senior secured notes offering due 2030 aims to redeem all outstanding 6.125% notes due 2025 (totaling
$526.5M). Q4 2024 results showed revenue of
$603M and Adjusted EBITDA of
$285M with 47.3% margin. In February 2025, WSC initiated a quarterly dividend of
$0.07 per share while its stock has declined to 52-week lows of
$32.53, down 31.44% year-over-year.
These insider purchases could indicate that the leadership sees undervalued fundamentals at current prices.
Worth watching for insider activity:
$MGRC,
$URI,
$MINI
Insider details at https://prismo.pro/stock/wsc?utm_source=stockwits&utm_medium=social&utm_campaign=insider-news&utm_content=wsc_2025-03-17
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