Forager Capital Management LLC Has $32.89 Million Stock Position in Willdan Group, Inc. (NASDAQ:WLDN)

Forager Capital Management LLC reduced its position in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 44.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 803,209 shares of the construction company's stock after selling 640,786 shares during the period. Willdan Group comprises 12.9% of Forager Capital Management LLC's portfolio, making the stock its 2nd largest position. Forager Capital Management LLC owned 5.69% of Willdan Group worth $32,891,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WLDN. Quantbot Technologies LP acquired a new stake in Willdan Group in the third quarter valued at $26,000. nVerses Capital LLC raised its holdings in Willdan Group by 125.0% in the third quarter. nVerses Capital LLC now owns 900 shares of the construction company's stock valued at $37,000 after acquiring an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Willdan Group in the third quarter valued at $44,000. ProShare Advisors LLC acquired a new stake in Willdan Group in the second quarter valued at $48,000. Finally, FMR LLC raised 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 acquiring an additional 3,048 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on WLDN. Wedbush reissued an "outperform" rating and set a $51.00 target price on shares of Willdan Group in a report on Monday, November 4th. StockNews.com cut shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 9th.

Willdan Group Stock Performance

Shares of NASDAQ:WLDN traded up $0.11 on Wednesday, reaching $42.98. 63,590 shares of the company's stock were exchanged, compared to its average volume of 104,556. The firm has a market capitalization of $606.88 million, a price-to-earnings ratio of 26.30 and a beta of 1.36. Willdan Group, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $50.00. The business's 50-day moving average is $43.89 and its two-hundred day moving average is $37.74. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37.

Insider Transactions at Willdan Group

In related news, CEO Michael A. Bieber sold 1,804 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $45.86, for a total value of $82,731.44. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Creighton K. Early sold 4,349 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $43.13, for a total transaction of $187,572.37. Following the completion of the transaction, the chief financial officer now owns 69,146 shares of the company's stock, valued at $2,982,266.98. This represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,387 shares of company stock worth $280,483. Insiders own 9.80% of the company's stock.

Willdan Group Company 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.