Trexquant Investment LP Purchases 36,111 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Trexquant Investment LP lifted its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 72.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,782 shares of the construction company's stock after acquiring an additional 36,111 shares during the quarter. Trexquant Investment LP owned approximately 0.61% of Willdan Group worth $3,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Willdan Group by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 36,533 shares of the construction company's stock worth $1,496,000 after purchasing an additional 964 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Willdan Group in the 3rd quarter worth $201,000. Quantbot Technologies LP purchased a new stake in Willdan Group in the 3rd quarter worth $26,000. FMR LLC raised its holdings in Willdan Group by 343.6% during 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 during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Willdan Group by 364.5% in the third quarter. BNP Paribas Financial Markets now owns 25,139 shares of the construction company's stock valued at $1,029,000 after acquiring an additional 19,727 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total value of $89,101.60. Following the completion of the transaction, the director now directly owns 12,767 shares of the company's stock, valued at approximately $500,466.40. This trade represents a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 9.80% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on WLDN shares. StockNews.com cut Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th. Wedbush upgraded Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th.

Willdan Group Price Performance

NASDAQ WLDN traded up $0.21 on Friday, reaching $38.52. The company had a trading volume of 60,908 shares, compared to its average volume of 131,286. The stock has a market capitalization of $555.00 million, a PE ratio of 23.63 and a beta of 1.12. Willdan Group, Inc. has a 12 month low of $25.91 and a 12 month high of $50.00. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. The firm's 50 day moving average price is $37.30 and its 200 day moving average price is $39.89.

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.