Alps Advisors Inc. Reduces Stock Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Alps Advisors Inc. decreased its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 27.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,260 shares of the construction company's stock after selling 8,220 shares during the quarter. Alps Advisors Inc. owned 0.15% of Willdan Group worth $866,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WLDN. Wells Fargo & Company MN lifted its holdings in shares of Willdan Group by 2,934.0% in the fourth quarter. Wells Fargo & Company MN now owns 175,334 shares of the construction company's stock worth $6,678,000 after buying an additional 169,555 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Willdan Group by 136.0% during the fourth quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock valued at $7,925,000 after purchasing an additional 119,888 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Willdan Group by 77.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company's stock worth $6,468,000 after acquiring an additional 69,047 shares during the period. Alliancebernstein L.P. purchased a new stake in Willdan Group in the fourth quarter worth about $2,389,000. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Willdan Group by 13.4% in the 4th quarter. Lord Abbett & CO. LLC now owns 432,135 shares of the construction company's stock valued at $16,460,000 after buying an additional 51,003 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Willdan Group Price Performance

NASDAQ WLDN traded down $1.30 on Tuesday, hitting $75.60. The company had a trading volume of 77,287 shares, compared to its average volume of 161,624. Willdan Group, Inc. has a 12-month low of $30.43 and a 12-month high of $78.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.61 and a quick ratio of 1.61. The company's fifty day moving average price is $56.39 and its 200-day moving average price is $44.11. The company has a market capitalization of $1.10 billion, a PE ratio of 44.58 and a beta of 1.25.

Insider Activity at Willdan Group

In related news, VP Micah Chen sold 10,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $48.20, for a total transaction of $482,000.00. Following the sale, the vice president directly owned 38,502 shares in the company, valued at approximately $1,855,796.40. This represents a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Creighton K. Early sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $53.28, for a total transaction of $266,400.00. Following the sale, the chief financial officer owned 72,071 shares in the company, valued at $3,839,942.88. The trade was a 6.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,000 shares of company stock worth $4,994,075. 8.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WLDN has been the subject of several research analyst reports. Wall Street Zen lowered shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th. Wedbush reaffirmed an "outperform" rating on shares of Willdan Group in a research report on Thursday.

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.