Wedbush Securities Inc. Sells 22,922 Shares of Willdan Group, Inc. (WLDN)
Wedbush Securities Inc. lowered its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 6.6% during the second quarter, Holdings Channel reports. The firm owned 326,009 shares of the construction company’s stock after selling 22,922 shares during the period. Willdan Group accounts for about 1.3% of Wedbush Securities Inc.’s holdings, making the stock its 3rd largest position. Wedbush Securities Inc.’s holdings in Willdan Group were worth $9,960,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Willdan Group during the first quarter valued at $146,000. Creative Planning acquired a new stake in shares of Willdan Group during the first quarter valued at $107,000. Globeflex Capital L P raised its stake in shares of Willdan Group by 18,000.0% in the first quarter. Globeflex Capital L P now owns 7,240 shares of the construction company’s stock valued at $234,000 after buying an additional 7,200 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Willdan Group by 22.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 302,315 shares of the construction company’s stock valued at $6,829,000 after buying an additional 56,149 shares during the period. Finally, Algert Global LLC acquired a new stake in shares of Willdan Group during the first quarter valued at $511,000. Institutional investors and hedge funds own 48.34% of the company’s stock.
Shares of Willdan Group, Inc. (WLDN) opened at 34.71 on Friday. The stock’s 50 day moving average is $32.79 and its 200 day moving average is $31.05. Willdan Group, Inc. has a 12 month low of $14.04 and a 12 month high of $36.87. The firm has a market capitalization of $300.69 million, a price-to-earnings ratio of 30.85 and a beta of 1.32.
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WLDN has been the topic of several recent research reports. Wedbush reiterated an “outperform” rating and set a $40.00 target price (up from $35.00) on shares of Willdan Group in a research report on Friday, May 12th. Canaccord Genuity reiterated a “buy” rating and set a $36.00 target price on shares of Willdan Group in a research report on Friday, June 2nd. BidaskClub lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Willdan Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th.
In other news, Director Raymond W. Holdsworth, Jr. acquired 1,000 shares of Willdan Group stock in a transaction on Thursday, June 15th. The shares were purchased at an average cost of $30.39 per share, for a total transaction of $30,390.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc Tipermas sold 5,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $35.78, for a total transaction of $178,900.00. Following the sale, the insider now owns 43,333 shares in the company, valued at $1,550,454.74. The disclosure for this sale can be found here. Corporate insiders own 13.30% of the company’s stock.
About Willdan Group
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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