Alps Advisors Inc. Sells 8,220 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

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

A number of other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Willdan Group by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,218 shares of the construction company's stock worth $275,000 after purchasing an additional 304 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Willdan Group by 3.9% during the first quarter. Principal Financial Group Inc. now owns 8,526 shares of the construction company's stock worth $347,000 after purchasing an additional 319 shares during the period. Wulff Hansen & CO. boosted its holdings in shares of Willdan Group by 1.6% during the fourth quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company's stock worth $869,000 after purchasing an additional 370 shares during the period. Stifel Financial Corp boosted its holdings in shares of Willdan Group by 2.9% during the fourth quarter. Stifel Financial Corp now owns 16,494 shares of the construction company's stock worth $628,000 after purchasing an additional 461 shares during the period. Finally, Aquatic Capital Management LLC lifted its holdings in Willdan Group by 10.4% in the fourth quarter. Aquatic Capital Management LLC now owns 5,410 shares of the construction company's stock worth $206,000 after buying an additional 510 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WLDN has been the subject of several research analyst reports. Wedbush restated an "outperform" rating on shares of Willdan Group in a report on Thursday, July 10th. Wall Street Zen lowered shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th.

Willdan Group Stock Up 1.4%

WLDN traded up $1.12 on Thursday, hitting $79.67. The company had a trading volume of 359,955 shares, compared to its average volume of 164,655. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.61 and a quick ratio of 1.61. Willdan Group, Inc. has a 52-week low of $30.43 and a 52-week high of $80.74. The stock has a fifty day simple moving average of $59.41 and a 200-day simple moving average of $45.12. The firm has a market capitalization of $1.16 billion, a P/E ratio of 47.14 and a beta of 1.25.

Insider Buying and Selling at Willdan Group

In other news, VP Micah Chen sold 10,000 shares of Willdan Group 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 completion of the transaction, the vice president directly owned 38,502 shares in the company, valued at approximately $1,855,796.40. This trade represents a 20.62% 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. Also, CFO Creighton K. Early sold 5,000 shares of Willdan Group stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $53.28, for a total transaction of $266,400.00. Following the transaction, the chief financial officer owned 72,071 shares of the company's stock, 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. Insiders have sold a total of 100,000 shares of company stock valued at $4,994,075 over the last ninety days. Company insiders own 8.60% of the company's stock.

Willdan Group 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.