Balyasny Asset Management L.P. Makes New $607,000 Investment in Willdan Group, Inc. (NASDAQ:WLDN)

Balyasny Asset Management L.P. acquired a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,930 shares of the construction company's stock, valued at approximately $607,000. Balyasny Asset Management L.P. owned approximately 0.11% of Willdan Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new stake in Willdan Group during the 4th quarter worth about $40,000. Tower Research Capital LLC TRC lifted its holdings in Willdan Group by 470.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock worth $64,000 after purchasing an additional 1,387 shares in the last quarter. Legal & General Group Plc lifted its holdings in Willdan Group by 26.4% during the 4th quarter. Legal & General Group Plc now owns 2,597 shares of the construction company's stock worth $99,000 after purchasing an additional 542 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Willdan Group during the 4th quarter worth about $125,000. Finally, Quantbot Technologies LP lifted its holdings in Willdan Group by 626.5% during the 4th quarter. Quantbot Technologies LP now owns 4,526 shares of the construction company's stock worth $172,000 after purchasing an additional 3,903 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analysts Set New Price Targets

WLDN has been the topic of a number of recent research reports. StockNews.com cut Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Wedbush upgraded Willdan Group to a "strong-buy" rating in a research report on Monday, March 10th.

Insider Activity

In related news, Director Thomas Donald Brisbin sold 20,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $48.54, for a total value of $970,800.00. Following the completion of the transaction, the director now directly owns 422,454 shares of the company's stock, valued at $20,505,917.16. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Micah Chen sold 10,000 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $48.20, for a total transaction of $482,000.00. Following the completion of the sale, the vice president now owns 38,502 shares in the company, valued at approximately $1,855,796.40. This trade represents a 20.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,273 shares of company stock worth $2,744,652. 9.80% of the stock is currently owned by insiders.

Willdan Group Price Performance

Shares of WLDN traded up $0.14 during trading hours on Wednesday, reaching $50.69. 14,302 shares of the company's stock traded hands, compared to its average volume of 133,720. The stock has a market cap of $734.85 million, a PE ratio of 31.10 and a beta of 1.09. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. The firm's 50 day simple moving average is $40.89 and its 200-day simple moving average is $39.37. Willdan Group, Inc. has a 12 month low of $27.19 and a 12 month high of $50.87.

About Willdan Group

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.