Quantbot Technologies LP Buys New Stake in Willdan Group, Inc. (NASDAQ:WLDN)

Quantbot Technologies LP purchased a new position in Willdan Group, Inc. (NASDAQ:WLDN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 623 shares of the construction company’s stock, valued at approximately $26,000.

A number of other large investors have also made changes to their positions in the business. Wulff Hansen & CO. grew its stake 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 buying an additional 645,145 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Willdan Group by 14.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 324,145 shares of the construction company’s stock worth $9,351,000 after purchasing an additional 41,367 shares in the last quarter. Essex Investment Management Co. LLC grew its position in Willdan Group by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 155,761 shares of the construction company’s stock worth $6,378,000 after purchasing an additional 538 shares during the last quarter. Millennium Management LLC increased its stake in Willdan Group by 68.9% during the 2nd quarter. Millennium Management LLC now owns 104,259 shares of the construction company’s stock valued at $3,008,000 after purchasing an additional 42,533 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Willdan Group by 52.9% in the second quarter. Marshall Wace LLP now owns 78,110 shares of the construction company’s stock worth $2,253,000 after buying an additional 27,009 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Michael A. Bieber sold 1,804 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $45.86, for a total value of $82,731.44. Following the sale, the chief executive officer now owns 173,654 shares in the company, valued at $7,963,772.44. This represents a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Wedbush reaffirmed an “outperform” rating and set a $51.00 price target on shares of Willdan Group in a research report on Monday, November 4th.

Willdan Group Stock Performance

WLDN opened at $43.42 on Friday. The company has a current ratio of 1.77, a quick 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 firm has a 50 day moving average of $43.81 and a two-hundred day moving average of $37.54. The firm has a market capitalization of $613.31 million, a PE ratio of 26.64 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.