Summit Global Investments Acquires Shares of 19,905 Willdan Group, Inc. (NASDAQ:WLDN)

Summit Global Investments bought a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,905 shares of the construction company's stock, valued at approximately $758,000. Summit Global Investments owned approximately 0.14% of Willdan Group as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Willdan Group in the 3rd quarter valued at $26,000. Farther Finance Advisors LLC acquired a new stake in Willdan Group during the fourth quarter worth approximately $40,000. FMR LLC grew its holdings in shares of Willdan Group by 343.6% during the third quarter. FMR LLC now owns 3,935 shares of the construction company's stock worth $161,000 after buying an additional 3,048 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Willdan Group during the third quarter worth approximately $201,000. Finally, Moran Wealth Management LLC acquired a new stake in Willdan Group in the fourth quarter valued at about $201,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WLDN. Wedbush raised Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th. StockNews.com downgraded Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th.

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Willdan Group Stock Down 0.9 %

Shares of Willdan Group stock traded down $0.37 during trading on Thursday, reaching $41.28. The company had a trading volume of 93,484 shares, compared to its average volume of 126,176. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market cap of $594.76 million, a price-to-earnings ratio of 25.33 and a beta of 1.41. Willdan Group, Inc. has a fifty-two week low of $25.91 and a fifty-two week high of $50.00. The firm's fifty day moving average is $36.69 and its 200-day moving average is $39.85.

Insider Buying and Selling at Willdan Group

In other news, Director Mohammad Shahidehpour sold 2,273 shares of Willdan Group stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total transaction of $89,101.60. Following the sale, the director now owns 12,767 shares of the company's stock, valued at approximately $500,466.40. The trade was a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.80% of the stock is currently owned by insiders.

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.