Verition Fund Management LLC Buys Shares of 7,589 Willdan Group, Inc. (NASDAQ:WLDN)

Verition Fund Management LLC bought a new position in Willdan Group, Inc. (NASDAQ:WLDN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,589 shares of the construction company’s stock, valued at approximately $311,000. Verition Fund Management LLC owned 0.05% of Willdan Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wulff Hansen & CO. boosted its position in Willdan Group by 2,785.0% during the 2nd quarter. Wulff Hansen & CO. now owns 668,310 shares of the construction company’s stock worth $19,281,000 after acquiring an additional 645,145 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Willdan Group during the third quarter worth approximately $2,970,000. Acadian Asset Management LLC grew its position in Willdan Group by 1,905.2% during the second quarter. Acadian Asset Management LLC now owns 55,144 shares of the construction company’s stock valued at $1,588,000 after purchasing an additional 52,394 shares in the last quarter. Renaissance Technologies LLC increased its stake in Willdan Group by 339.9% in the 2nd quarter. Renaissance Technologies LLC now owns 55,426 shares of the construction company’s stock valued at $1,599,000 after buying an additional 42,826 shares during the period. Finally, Millennium Management LLC lifted its position in Willdan Group by 68.9% in the 2nd quarter. Millennium Management LLC now owns 104,259 shares of the construction company’s stock worth $3,008,000 after buying an additional 42,533 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Willdan Group Trading Down 1.9 %

Willdan Group stock opened at $40.81 on Friday. The business has a 50 day moving average price of $43.87 and a two-hundred day moving average price of $37.86. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a 12 month low of $17.23 and a 12 month high of $50.00. The stock has a market cap of $576.24 million, a price-to-earnings ratio of 25.04 and a beta of 1.36.

Analyst Upgrades and Downgrades

WLDN has been the subject of a number of research reports. Wedbush reissued an “outperform” rating and set a $51.00 price objective on shares of Willdan Group in a research report on Monday, November 4th. StockNews.com cut shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th.

Insider Activity

In other news, CEO Michael A. Bieber sold 1,804 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $45.86, for a total transaction of $82,731.44. Following the completion of the transaction, the chief executive officer now directly owns 173,654 shares of the company’s stock, valued at approximately $7,963,772.44. This trade represents a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Creighton K. Early sold 4,349 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $43.13, for a total transaction of $187,572.37. Following the completion of the sale, the chief financial officer now directly owns 69,146 shares in the company, valued at approximately $2,982,266.98. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,387 shares of company stock worth $280,483. Company insiders own 9.80% of the company’s stock.

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.