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

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

Several other hedge funds and other institutional investors also recently modified their holdings of WLDN. Navellier & Associates Inc. lifted its holdings in shares of Willdan Group by 4.4% during the fourth quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company's stock worth $311,000 after purchasing an additional 341 shares during the period. Wulff Hansen & CO. lifted its stake in shares of Willdan Group by 1.6% in the 4th quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company's stock worth $869,000 after acquiring an additional 370 shares during the period. Stifel Financial Corp boosted its holdings in shares of Willdan Group by 2.9% in the fourth quarter. Stifel Financial Corp now owns 16,494 shares of the construction company's stock valued at $628,000 after acquiring an additional 461 shares in the last quarter. Inspire Investing LLC increased its stake in shares of Willdan Group by 2.4% during the fourth quarter. Inspire Investing LLC now owns 21,390 shares of the construction company's stock worth $815,000 after acquiring an additional 501 shares during the period. Finally, Aquatic Capital Management LLC raised its holdings in Willdan Group by 10.4% during the fourth quarter. Aquatic Capital Management LLC now owns 5,410 shares of the construction company's stock worth $206,000 after purchasing an additional 510 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Willdan Group Price Performance

Shares of WLDN traded up $1.84 during trading hours on Friday, reaching $42.40. The company had a trading volume of 186,932 shares, compared to its average volume of 130,880. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a 12-month low of $27.19 and a 12-month high of $50.00. The firm has a 50 day simple moving average of $39.53 and a 200-day simple moving average of $39.32. The company has a market capitalization of $614.67 million, a price-to-earnings ratio of 26.01 and a beta of 1.09.

Insider Buying and Selling at Willdan Group

In other Willdan Group news, Director Mohammad Shahidehpour sold 2,273 shares of the company's 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 sale, the director now owns 12,767 shares of the company's stock, valued at approximately $500,466.40. This represents a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wedbush raised Willdan Group to a "strong-buy" rating in a report on Monday, March 10th. StockNews.com downgraded Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th.

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.