Y Intercept Hong Kong Ltd Takes $365,000 Position in Willdan Group, Inc. (NASDAQ:WLDN)

Y Intercept Hong Kong Ltd bought a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 8,906 shares of the construction company’s stock, valued at approximately $365,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WLDN. Quantbot Technologies LP acquired a new stake in shares of Willdan Group during the 3rd quarter worth about $26,000. nVerses Capital LLC raised its stake in shares of Willdan Group by 125.0% in the 3rd quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock valued at $37,000 after acquiring an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Willdan Group in the 3rd quarter worth approximately $44,000. ProShare Advisors LLC acquired a new stake in Willdan Group in the 2nd quarter valued at approximately $48,000. Finally, FMR LLC raised its position 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 purchasing an additional 3,048 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

WLDN has been the topic of several research analyst reports. Wedbush reiterated an “outperform” rating and issued a $51.00 price objective on shares of Willdan Group in a 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 at Willdan Group

In other Willdan Group news, CFO Creighton K. Early sold 4,349 shares of Willdan Group stock in a transaction dated Monday, December 9th. The stock was 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 of the company’s stock, valued at $2,982,266.98. The trade was a 5.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael A. Bieber sold 1,804 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $45.86, for a total value of $82,731.44. Following the completion of the transaction, the chief executive officer now owns 173,654 shares in the company, valued at approximately $7,963,772.44. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,787 shares of company stock valued at $936,061 over the last 90 days. 9.80% of the stock is owned by corporate insiders.

Willdan Group Price Performance

WLDN stock opened at $41.64 on Tuesday. The business’s 50-day moving average is $43.84 and its two-hundred day moving average is $38.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market capitalization of $588.17 million, a P/E ratio of 25.55 and a beta of 1.36. Willdan Group, Inc. has a 1 year low of $17.23 and a 1 year high of $50.00.

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.