The Manufacturers Life Insurance Company Invests $201,000 in Willdan Group, Inc. (NASDAQ:WLDN)

The Manufacturers Life Insurance Company bought a new stake in Willdan Group, Inc. (NASDAQ:WLDN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,900 shares of the construction company’s stock, valued at approximately $201,000.

Several other hedge funds have also recently made changes to their positions in the company. nVerses Capital LLC grew its stake in Willdan Group by 125.0% during the 3rd quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock valued at $37,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Willdan Group during the third quarter worth about $44,000. ProShare Advisors LLC acquired a new stake in shares of Willdan Group during the second quarter worth about $48,000. Intech Investment Management LLC purchased a new stake in Willdan Group in the third quarter valued at approximately $208,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Willdan Group in the 3rd quarter worth approximately $284,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Willdan Group Stock Up 2.0 %

Shares of WLDN stock opened at $41.64 on Tuesday. Willdan Group, Inc. has a twelve month low of $17.23 and a twelve month high of $50.00. The stock has a market cap of $588.17 million, a P/E ratio of 25.55 and a beta of 1.36. The stock has a 50 day moving average of $43.84 and a 200 day moving average of $38.02. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37.

Analyst Ratings Changes

WLDN has been the topic of several recent research reports. StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Wedbush restated an “outperform” rating and set a $51.00 target price on shares of Willdan Group in a research report on Monday, November 4th.

Insider Transactions at Willdan Group

In related news, Director Thomas Donald Brisbin sold 7,700 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $43.45, for a total value of $334,565.00. Following the completion of the transaction, the director now owns 406,704 shares of the company’s stock, valued at approximately $17,671,288.80. This represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael A. Bieber sold 1,804 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $45.86, for a total value of $82,731.44. Following the transaction, the chief executive officer now owns 173,654 shares in the company, valued at $7,963,772.44. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,787 shares of company stock valued at $936,061 in the last 90 days. 9.80% of the stock is currently owned by company insiders.

Willdan Group 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.