Marshall Wace LLP Cuts Stock Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Marshall Wace LLP lessened its stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 63.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,101 shares of the construction company's stock after selling 53,462 shares during the quarter. Marshall Wace LLP owned approximately 0.22% of Willdan Group worth $1,185,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Navellier & Associates Inc. raised its holdings in Willdan Group by 4.4% in the fourth quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company's stock valued at $311,000 after acquiring an additional 341 shares in the last quarter. Wulff Hansen & CO. boosted its stake in shares of Willdan Group by 1.6% during the fourth quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company's stock worth $869,000 after buying an additional 370 shares during the period. Inspire Investing LLC grew its stake in shares of Willdan Group by 2.4% in the 4th quarter. Inspire Investing LLC now owns 21,390 shares of the construction company's stock valued at $815,000 after purchasing an additional 501 shares during the last quarter. Legal & General Group Plc increased its stake in Willdan Group by 26.4% in the 4th quarter. Legal & General Group Plc now owns 2,597 shares of the construction company's stock valued at $99,000 after buying an additional 542 shares during the period. Finally, Rhumbline Advisers raised its holdings in Willdan Group by 2.9% during the fourth quarter. Rhumbline Advisers now owns 20,159 shares of the construction company's stock worth $768,000 after purchasing an additional 562 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Insider Buying and Selling at Willdan Group

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total transaction of $89,101.60. Following the transaction, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.80% of the company's stock.

Willdan Group Stock Up 0.4 %

NASDAQ WLDN traded up $0.14 during trading on Friday, reaching $39.67. The company's stock had a trading volume of 69,955 shares, compared to its average volume of 131,882. 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 $50.00. The business has a 50-day moving average price of $38.69 and a 200-day moving average price of $39.50. The stock has a market capitalization of $575.10 million, a PE ratio of 24.34 and a beta of 1.12.

Analysts Set New Price Targets

Several research firms have weighed in on WLDN. Wedbush upgraded shares of Willdan Group to a "strong-buy" rating in a report on Monday, March 10th. StockNews.com lowered shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th.

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.