Rice Hall James & Associates LLC trimmed its position in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,233 shares of the construction company's stock after selling 5,759 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.78% of Willdan Group worth $4,611,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in shares of Willdan Group during the fourth quarter worth $40,000. Tower Research Capital LLC TRC lifted its holdings in 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 worth $64,000 after acquiring an additional 1,387 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 2,045 shares during the period. Legal & General Group Plc boosted its stake in 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 acquiring an additional 542 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Willdan Group during the fourth quarter valued at approximately $125,000. 72.29% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Willdan Group
In related news, CEO Michael A. Bieber sold 25,000 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $48.11, for a total transaction of $1,202,750.00. Following the completion of the transaction, the chief executive officer owned 200,981 shares of the company's stock, valued at $9,669,195.91. This trade represents a 11.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Micah Chen sold 10,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $50.50, for a total transaction of $505,000.00. Following the completion of the sale, the vice president owned 38,502 shares in the company, valued at approximately $1,944,351. This trade represents a 20.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,000 shares of company stock valued at $4,994,075. 8.60% of the stock is currently owned by insiders.
Willdan Group Stock Performance
Willdan Group stock traded up $2.98 during mid-day trading on Monday, hitting $76.90. 424,069 shares of the company's stock traded hands, compared to its average volume of 167,755. Willdan Group, Inc. has a one year low of $30.43 and a one year high of $77.28. The company has a market cap of $1.11 billion, a PE ratio of 45.50 and a beta of 1.25. The firm has a 50 day moving average price of $56.39 and a 200 day moving average price of $44.11. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.35.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on WLDN shares. Wall Street Zen lowered Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th. Wedbush reiterated an "outperform" rating on shares of Willdan Group in a research note on Thursday.
Read Our Latest Stock Analysis on Willdan Group
About Willdan Group
(
Free Report)
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.
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