Willdan Group, Inc. (NASDAQ:WLDN) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 56.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,384 shares of the construction company's stock after selling 229,333 shares during the quarter. Handelsbanken Fonder AB owned about 1.24% of Willdan Group worth $7,264,000 at the end of the most recent quarter.

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

Willdan Group Trading Up 3.0%

Shares of Willdan Group stock traded up $1.65 during trading hours on Monday, hitting $57.47. The company's stock had a trading volume of 148,656 shares, compared to its average volume of 141,790. Willdan Group, Inc. has a 1-year low of $27.19 and a 1-year high of $58.28. The business has a fifty day moving average of $46.21 and a 200 day moving average of $40.87. The company has a market capitalization of $833.14 million, a PE ratio of 35.26 and a beta of 1.23. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wedbush upgraded Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th. Wall Street Zen lowered Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th.

Insider Activity

In related news, CEO Michael A. Bieber sold 25,000 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $48.11, for a total transaction of $1,202,750.00. Following the completion of the sale, the chief executive officer now directly owns 200,981 shares of the company's stock, valued at approximately $9,669,195.91. This trade represents a 11.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Donald Brisbin sold 22,459 shares of the firm's 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 sale, the director now owns 422,454 shares of the company's stock, valued at $22,111,242.36. This represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,000 shares of company stock worth $4,994,075. 8.60% of the stock is currently owned by corporate insiders.

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.