Kornitzer Capital Management Inc. KS Lowers Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Kornitzer Capital Management Inc. KS lessened its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 41.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,700 shares of the construction company's stock after selling 26,700 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.27% of Willdan Group worth $1,436,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Willdan Group in the 3rd quarter worth $26,000. nVerses Capital LLC increased its holdings in shares of Willdan Group by 125.0% in the 3rd quarter. nVerses Capital LLC now owns 900 shares of the construction company's stock worth $37,000 after purchasing an additional 500 shares in the last quarter. FMR LLC increased its holdings in shares of Willdan Group by 343.6% in the 3rd quarter. FMR LLC now owns 3,935 shares of the construction company's stock worth $161,000 after purchasing an additional 3,048 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Willdan Group in the 3rd quarter worth $201,000. Finally, Intech Investment Management LLC bought a new stake in shares of Willdan Group in the 3rd quarter worth $208,000. Institutional investors own 72.29% of the company's stock.

Insider Buying and Selling

In other news, Director Thomas Donald Brisbin sold 7,700 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $43.45, for a total value of $334,565.00. Following the transaction, the director now directly owns 406,704 shares in the company, valued at $17,671,288.80. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Creighton K. Early sold 4,349 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $43.13, for a total value of $187,572.37. Following the completion of the transaction, the chief financial officer now owns 69,146 shares in the company, valued at $2,982,266.98. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,283 shares of company stock valued at $532,316 over the last 90 days. Company insiders own 9.80% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued an "outperform" rating and issued a $51.00 target price on shares of Willdan Group in a report on Monday, November 4th.

Willdan Group Stock Performance

Shares of WLDN traded down $0.51 during trading hours on Friday, hitting $32.20. The stock had a trading volume of 75,862 shares, compared to its average volume of 111,385. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. Willdan Group, Inc. has a 12 month low of $19.70 and a 12 month high of $50.00. The firm has a market capitalization of $454.59 million, a PE ratio of 19.75 and a beta of 1.37. The stock has a fifty day moving average price of $37.00 and a 200 day moving average price of $39.79.

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.