Mackenzie Financial Corp Makes New Investment in Willdan Group, Inc. (NASDAQ:WLDN)

Mackenzie Financial Corp purchased a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,030 shares of the construction company's stock, valued at approximately $268,000.

A number of other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 buying an additional 304 shares during the period. Navellier & Associates Inc. lifted its holdings in shares of Willdan Group by 4.4% during the 4th quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company's stock worth $311,000 after acquiring an additional 341 shares during the period. Wulff Hansen & CO. lifted its holdings in shares of Willdan Group by 1.6% during the 4th quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company's stock worth $869,000 after acquiring an additional 370 shares during the period. Stifel Financial Corp boosted its position in shares of Willdan Group by 2.9% in the fourth quarter. Stifel Financial Corp now owns 16,494 shares of the construction company's stock worth $628,000 after acquiring an additional 461 shares during the last quarter. Finally, Aquatic Capital Management LLC grew 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 valued at $206,000 after purchasing an additional 510 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen downgraded Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Wedbush upgraded Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th.

Insider Activity

In other news, Director Thomas Donald Brisbin sold 22,459 shares of the stock in a transaction dated Tuesday, May 27th. The stock was 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 now owns 422,454 shares in the company, valued at approximately $22,111,242.36. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mohammad Shahidehpour sold 2,273 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total value of $89,101.60. Following the sale, the director now owns 12,767 shares in the company, valued at approximately $500,466.40. The trade was a 15.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,273 shares of company stock valued at $5,083,176. Company insiders own 8.60% of the company's stock.

Willdan Group Trading Up 2.4%

WLDN traded up $1.31 during trading on Friday, hitting $56.99. 111,584 shares of the company's stock were exchanged, compared to its average volume of 140,792. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a 1 year low of $27.19 and a 1 year high of $57.24. The stock has a 50 day moving average price of $44.07 and a 200 day moving average price of $40.30. The firm has a market cap of $826.18 million, a P/E ratio of 34.96 and a beta of 1.23.

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.