Hennessy Advisors Inc. Has $4.38 Million Holdings in Willdan Group, Inc. (WLDN)
Hennessy Advisors Inc. reduced its position in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,400 shares of the construction company’s stock after selling 2,800 shares during the period. Hennessy Advisors Inc. owned 1.67% of Willdan Group worth $4,381,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in WLDN. Tower Research Capital LLC TRC acquired a new stake in shares of Willdan Group during the 1st quarter worth about $105,000. Creative Planning acquired a new stake in shares of Willdan Group during the 1st quarter worth about $107,000. JPMorgan Chase & Co. acquired a new stake in shares of Willdan Group during the 2nd quarter worth about $109,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Willdan Group during the 1st quarter worth about $146,000. Finally, Rhumbline Advisers acquired a new stake in shares of Willdan Group during the 2nd quarter worth about $233,000. 57.22% of the stock is currently owned by institutional investors.
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In other Willdan Group news, COO Daniel Chow sold 1,203 shares of Willdan Group stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $30.43, for a total transaction of $36,607.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Marc Tipermas sold 5,000 shares of Willdan Group stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $35.78, for a total value of $178,900.00. Following the transaction, the insider now directly owns 43,333 shares in the company, valued at approximately $1,550,454.74. The disclosure for this sale can be found here. Insiders own 13.30% of the company’s stock.
Several equities research analysts have issued reports on WLDN shares. BidaskClub cut shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity reaffirmed a “buy” rating and set a $36.00 price target on shares of Willdan Group in a research note on Friday, June 2nd. ValuEngine upgraded shares of Willdan Group from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Wedbush reiterated an “outperform” rating on shares of Willdan Group in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $32.67.
Willdan Group, Inc. (NASDAQ WLDN) opened at 30.06 on Friday. The stock’s 50 day moving average is $32.46 and its 200 day moving average is $31.49. The stock has a market capitalization of $260.41 million, a price-to-earnings ratio of 26.72 and a beta of 1.40. Willdan Group, Inc. has a one year low of $15.25 and a one year high of $36.87.
Willdan Group Company Profile
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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