Essex Investment Management Co. LLC Sells 17,754 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Essex Investment Management Co. LLC reduced its position in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 11.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 138,007 shares of the construction company's stock after selling 17,754 shares during the period. Willdan Group accounts for approximately 0.9% of Essex Investment Management Co. LLC's portfolio, making the stock its 25th largest holding. Essex Investment Management Co. LLC owned approximately 0.98% of Willdan Group worth $5,257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WLDN. Quantbot Technologies LP bought a new stake in Willdan Group in the 3rd quarter valued at about $26,000. FMR LLC raised its stake in Willdan Group by 343.6% in the 3rd quarter. FMR LLC now owns 3,935 shares of the construction company's stock valued at $161,000 after acquiring an additional 3,048 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Willdan Group in the 3rd quarter valued at about $201,000. Intech Investment Management LLC bought a new stake in Willdan Group in the 3rd quarter valued at about $208,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Willdan Group during the third quarter valued at about $308,000. 72.29% of the stock is currently owned by institutional investors.

Willdan Group Price Performance

NASDAQ WLDN traded down $0.26 on Wednesday, reaching $39.85. 204,951 shares of the company's stock traded hands, compared to its average volume of 123,471. Willdan Group, Inc. has a 12 month low of $25.61 and a 12 month high of $50.00. 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 has a 50-day simple moving average of $35.71 and a 200 day simple moving average of $39.61. The stock has a market cap of $574.16 million, a PE ratio of 24.45 and a beta of 1.41.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wedbush upgraded Willdan Group to a "strong-buy" rating in a research report on Monday. StockNews.com raised Willdan Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday.

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.