Willdan Group, Inc. (NASDAQ:WLDN) Short Interest Down 17.3% in December

Willdan Group, Inc. (NASDAQ:WLDN) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 396,100 shares, a decline of 17.3% from the November 30th total of 478,800 shares. Based on an average daily volume of 173,200 shares, the short-interest ratio is presently 2.3 days.

Insider Transactions at Willdan Group

In other news, Director Thomas Donald Brisbin sold 7,700 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.45, for a total value of $334,565.00. Following the transaction, the director now owns 406,704 shares in the company, valued at approximately $17,671,288.80. The trade was a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael A. Bieber sold 1,804 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $45.86, for a total transaction of $82,731.44. Following the sale, the chief executive officer now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,787 shares of company stock worth $936,061. Company insiders own 9.80% of the company’s stock.

Institutional Investors Weigh In On Willdan Group

A number of large investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in shares of Willdan Group during the third quarter valued at about $26,000. nVerses Capital LLC raised 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 worth $37,000 after buying an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Willdan Group in the third quarter worth approximately $44,000. ProShare Advisors LLC bought a new position in Willdan Group in the second quarter worth approximately $48,000. Finally, FMR LLC grew its stake 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 during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on WLDN. StockNews.com cut shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research 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.

Willdan Group Stock Performance

NASDAQ:WLDN opened at $38.41 on Friday. 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 has a twelve month low of $17.23 and a twelve month high of $50.00. The company has a fifty day moving average of $42.80 and a 200-day moving average of $38.43. The firm has a market capitalization of $542.54 million, a P/E ratio of 23.56 and a beta of 1.36.

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.