Gabelli Funds LLC Sells 9,000 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Gabelli Funds LLC reduced its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 52.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,000 shares of the construction company's stock after selling 9,000 shares during the quarter. Gabelli Funds LLC owned about 0.06% of Willdan Group worth $305,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WLDN. FMR LLC boosted its holdings in Willdan Group by 343.6% in the third quarter. FMR LLC now owns 3,935 shares of the construction company's stock valued at $161,000 after acquiring an additional 3,048 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Willdan Group by 10.1% during the 3rd quarter. Stifel Financial Corp now owns 16,033 shares of the construction company's stock valued at $657,000 after purchasing an additional 1,474 shares in the last quarter. State Street Corp increased its position in shares of Willdan Group by 2.6% during the third quarter. State Street Corp now owns 240,265 shares of the construction company's stock valued at $9,839,000 after buying an additional 6,178 shares during the period. Jane Street Group LLC raised its stake in Willdan Group by 33.3% in the third quarter. Jane Street Group LLC now owns 19,873 shares of the construction company's stock worth $814,000 after buying an additional 4,968 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Willdan Group by 245.7% in the third quarter. Barclays PLC now owns 17,301 shares of the construction company's stock worth $708,000 after buying an additional 12,297 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on WLDN shares. Wedbush raised Willdan Group to a "strong-buy" rating in a research report on Monday, March 10th. StockNews.com downgraded Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th.

Insider Transactions at Willdan Group

In other news, Director Mohammad Shahidehpour sold 2,273 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total value of $89,101.60. Following the transaction, the director now owns 12,767 shares in the company, valued at approximately $500,466.40. This represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 9.80% of the company's stock.

Willdan Group Stock Up 0.4 %

NASDAQ:WLDN traded up $0.17 during mid-day trading on Friday, hitting $38.39. 45,240 shares of the company's stock were exchanged, compared to its average volume of 132,147. The company has a market cap of $553.12 million, a PE ratio of 23.55 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. Willdan Group, Inc. has a one year low of $27.19 and a one year high of $50.00. The business has a fifty day moving average price of $38.00 and a 200 day moving average price of $39.65.

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.