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

Quantbot Technologies LP lifted its position in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 626.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,526 shares of the construction company’s stock after purchasing an additional 3,903 shares during the quarter. Quantbot Technologies LP’s holdings in Willdan Group were worth $172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in shares of Willdan Group in the 4th quarter valued at about $40,000. FMR LLC grew its holdings 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. The Manufacturers Life Insurance Company purchased a new stake in shares of Willdan Group in the third quarter valued at approximately $201,000. Moran Wealth Management LLC acquired a new position in shares of Willdan Group during the 4th quarter worth approximately $201,000. Finally, Intech Investment Management LLC acquired a new position in shares of Willdan Group during the 3rd quarter worth approximately $208,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 19th. Wedbush upgraded shares of Willdan Group to a “strong-buy” rating in a research report on Monday, March 10th.

Insider Activity at Willdan Group

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total transaction of $89,101.60. Following the completion of the sale, the director now owns 12,767 shares of the company’s stock, valued at approximately $500,466.40. This represents a 15.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.80% of the stock is owned by corporate insiders.

Willdan Group Stock Performance

NASDAQ WLDN opened at $40.97 on Monday. 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 stock’s 50 day simple moving average is $36.82 and its 200-day simple moving average is $39.92. The company has a market cap of $590.30 million, a PE ratio of 25.13 and a beta of 1.41. Willdan Group, Inc. has a 1-year low of $25.91 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.