Victory Capital Management Inc. Acquires 6,399 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Victory Capital Management Inc. boosted its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 21.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,249 shares of the construction company’s stock after acquiring an additional 6,399 shares during the quarter. Victory Capital Management Inc. owned approximately 0.25% of Willdan Group worth $1,476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WLDN. Tower Research Capital LLC TRC raised its position in Willdan Group by 470.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company’s stock valued at $64,000 after acquiring an additional 1,387 shares in the last quarter. GAMMA Investing LLC raised its position in Willdan Group by 1,809.7% during the first quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company’s stock valued at $88,000 after acquiring an additional 2,045 shares in the last quarter. Legal & General Group Plc raised its position in Willdan Group by 26.4% during the fourth quarter. Legal & General Group Plc now owns 2,597 shares of the construction company’s stock valued at $99,000 after acquiring an additional 542 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Willdan Group during the fourth quarter valued at approximately $125,000. Finally, Aquatic Capital Management LLC raised its position in shares of Willdan Group by 10.4% in the fourth quarter. Aquatic Capital Management LLC now owns 5,410 shares of the construction company’s stock valued at $206,000 after purchasing an additional 510 shares during the period. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

Separately, Wedbush reissued an “outperform” rating on shares of Willdan Group in a research report on Thursday, July 10th.

Willdan Group Trading Up 1.1%

NASDAQ:WLDN opened at $83.42 on Wednesday. Willdan Group, Inc. has a 12 month low of $30.43 and a 12 month high of $85.65. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 49.36 and a beta of 1.25. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $64.86 and its 200-day moving average is $47.60.

Insider Activity

In other news, CFO Creighton K. Early sold 5,000 shares of Willdan Group stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $53.28, for a total value of $266,400.00. Following the transaction, the chief financial officer owned 72,071 shares of the company’s stock, valued at $3,839,942.88. This trade represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael A. Bieber sold 25,000 shares of Willdan Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $48.11, for a total transaction of $1,202,750.00. Following the completion of the transaction, the chief executive officer directly owned 200,981 shares in the company, valued at approximately $9,669,195.91. This represents a 11.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,000 shares of company stock worth $4,994,075. 8.60% of the stock is owned by company insiders.

Willdan Group Profile

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.