Kornitzer Capital Management Inc. KS Purchases 7,600 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Kornitzer Capital Management Inc. KS grew its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 20.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,300 shares of the construction company's stock after purchasing an additional 7,600 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.31% of Willdan Group worth $1,845,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in shares of Willdan Group in the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC raised its holdings in shares of Willdan Group by 470.2% in the fourth 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 raised its holdings in shares of Willdan Group by 1,809.7% in the first 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 raised its holdings in shares of Willdan Group by 26.4% in the fourth 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 Willdan Group during the fourth quarter worth $125,000. Institutional investors own 72.29% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wedbush reaffirmed an "outperform" rating on shares of Willdan Group in a research report on Thursday, July 10th.

Willdan Group Price Performance

Shares of WLDN stock traded down $0.03 on Friday, reaching $79.64. The company had a trading volume of 299,190 shares, compared to its average volume of 166,190. The stock has a market capitalization of $1.15 billion, a PE ratio of 47.12 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 one year low of $30.43 and a one year high of $81.17. The business's 50-day moving average is $60.16 and its 200 day moving average is $45.51.

Insider Buying and Selling

In other news, CFO Creighton K. Early sold 5,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 72,071 shares of the company's stock, valued at $3,839,942.88. This trade represents a 6.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas Donald Brisbin sold 22,459 shares of the firm's stock in a transaction on 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 directly owned 422,454 shares of the company's stock, valued at approximately $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. Insiders have sold a total of 100,000 shares of company stock valued at $4,994,075 in the last 90 days. 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.