Concurrent Investment Advisors LLC Acquires New Shares in Willdan Group, Inc. (NASDAQ:WLDN)

Concurrent Investment Advisors LLC purchased a new position in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,784 shares of the construction company's stock, valued at approximately $276,000.

A number of other large investors also recently bought and sold shares of WLDN. Farther Finance Advisors LLC purchased a new stake in shares of Willdan Group in the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC lifted its stake in shares of Willdan Group by 470.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock valued at $64,000 after purchasing an additional 1,387 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Willdan Group by 1,809.7% in the 1st quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company's stock valued at $88,000 after purchasing an additional 2,045 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Willdan Group by 26.4% in the 4th quarter. Legal & General Group Plc now owns 2,597 shares of the construction company's stock valued at $99,000 after purchasing an additional 542 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Willdan Group in the 4th quarter valued at $125,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Insider Transactions at Willdan Group

In related news, VP Micah Chen sold 10,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $50.50, for a total value of $505,000.00. Following the completion of the transaction, the vice president directly owned 38,502 shares in the company, valued at approximately $1,944,351. This represents a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas Donald Brisbin sold 22,459 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $52.34, for a total value of $1,175,504.06. Following the completion of the sale, the director owned 422,454 shares of the company's stock, valued at approximately $22,111,242.36. This trade represents a 5.05% decrease in their position. 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 in the last three months. 8.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wedbush reissued an "outperform" rating on shares of Willdan Group in a research note on Thursday, July 10th. Wall Street Zen lowered Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th.

Willdan Group Stock Performance

NASDAQ:WLDN traded down $0.42 during mid-day trading on Tuesday, reaching $76.48. 331,973 shares of the stock were exchanged, compared to its average volume of 168,378. The company has a 50 day simple moving average of $56.39 and a 200-day simple moving average of $44.11. The stock has a market capitalization of $1.11 billion, a P/E ratio of 45.25 and a beta of 1.25. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.35. Willdan Group, Inc. has a 1 year low of $30.43 and a 1 year high of $77.84.

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.