Envestnet Asset Management Inc. Grows Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Key Points

• Envestnet Asset Management Inc. increased its stake in Willdan Group, Inc. by 34.3% during the first quarter, now holding approximately 0.17% of the company valued at $977,000.
• A number of institutional investors, including Tower Research Capital LLC and GAMMA Investing LLC, have significantly boosted their holdings in Willdan Group, highlighting strong interest among institutional investors.
• Insiders at Willdan Group have sold 100,000 shares worth nearly $5 million in the past three months, indicating a notable decrease in insider ownership.

Envestnet Asset Management Inc. raised its stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 34.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,002 shares of the construction company's stock after acquiring an additional 6,125 shares during the period. Envestnet Asset Management Inc. owned approximately 0.17% of Willdan Group worth $977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WLDN. Concurrent Investment Advisors LLC purchased a new stake in Willdan Group in the 1st quarter valued at about $276,000. Principal Financial Group Inc. boosted its position in Willdan Group by 3.9% in the 1st quarter. Principal Financial Group Inc. now owns 8,526 shares of the construction company's stock valued at $347,000 after buying an additional 319 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Willdan Group by 77.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company's stock valued at $6,468,000 after buying an additional 69,047 shares during the period. Wilsey Asset Management Inc. purchased a new stake in Willdan Group in the 1st quarter valued at about $213,000. Finally, GAMMA Investing LLC raised its holdings 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 in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Willdan Group

In other news, CEO Michael A. Bieber sold 25,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $48.11, for a total value of $1,202,750.00. Following the completion of the sale, the chief executive officer directly owned 200,981 shares in the company, valued at $9,669,195.91. This represents a 11.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction, the vice president owned 38,502 shares in the company, valued at $1,944,351. The trade was a 20.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,000 shares of company stock valued at $4,994,075 over the last quarter. Insiders own 8.60% of the company's stock.

Willdan Group Stock Down 1.5%

Shares of NASDAQ WLDN traded down $1.30 during trading hours on Friday, hitting $84.00. 622,385 shares of the stock were exchanged, compared to its average volume of 352,027. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.35. The company has a market cap of $1.22 billion, a PE ratio of 49.70 and a beta of 1.31. The firm has a fifty day moving average price of $66.82 and a 200-day moving average price of $48.66. Willdan Group, Inc. has a 12 month low of $30.43 and a 12 month high of $86.25.

Willdan Group Company 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.