Willdan Group, Inc. (NASDAQ:WLDN) Position Reduced by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP decreased its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,328 shares of the construction company's stock after selling 7,209 shares during the quarter. Divisadero Street Capital Management LP owned approximately 0.39% of Willdan Group worth $2,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WLDN. Farther Finance Advisors LLC bought a new position in shares of Willdan Group during the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC lifted its stake in Willdan Group by 470.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock valued at $64,000 after buying an additional 1,387 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Willdan Group by 26.4% during the fourth quarter. Legal & General Group Plc now owns 2,597 shares of the construction company's stock valued at $99,000 after acquiring an additional 542 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Willdan Group during the fourth quarter worth about $125,000. Finally, Quantbot Technologies LP grew its position in Willdan Group by 626.5% in 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 during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Willdan Group Price Performance

Shares of WLDN traded up $1.74 during midday trading on Monday, reaching $44.14. The stock had a trading volume of 53,651 shares, compared to its average volume of 130,652. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $639.90 million, a P/E ratio of 27.20 and a beta of 1.09. The firm's 50 day moving average price is $39.53 and its 200-day moving average price is $39.25. Willdan Group, Inc. has a 52 week low of $27.19 and a 52 week high of $50.00.

Insiders Place Their Bets

In related news, Director Mohammad Shahidehpour sold 2,273 shares of Willdan Group stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total value of $89,101.60. Following the transaction, the director now directly owns 12,767 shares in the company, valued at $500,466.40. The trade was a 15.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WLDN has been the subject of a number of recent analyst reports. Wedbush raised Willdan Group to a "strong-buy" rating in a report on Monday, March 10th. StockNews.com downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th.

Willdan Group Company Profile

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.