AlphaQuest LLC Has $73,000 Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

AlphaQuest LLC reduced its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 78.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,917 shares of the construction company's stock after selling 7,185 shares during the quarter. AlphaQuest LLC's holdings in Willdan Group were worth $73,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quantbot Technologies LP bought a new position in Willdan Group in the third quarter valued at about $26,000. FMR LLC raised its position 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 purchasing an additional 3,048 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Willdan Group in the third quarter valued at about $201,000. Intech Investment Management LLC bought a new position in Willdan Group in the third quarter valued at about $208,000. Finally, Principal Financial Group Inc. bought a new position in Willdan Group in the third quarter valued at about $308,000. 72.29% of the stock is currently owned by institutional investors.

Insider Transactions at Willdan Group

In other news, Director Mohammad Shahidehpour sold 2,273 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total transaction of $89,101.60. Following the completion of the transaction, the director now directly owns 12,767 shares in the company, valued at $500,466.40. This trade represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.80% of the stock is owned by corporate insiders.

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Willdan Group Trading Down 2.6 %

Shares of WLDN traded down $1.10 during mid-day trading on Friday, reaching $41.96. 323,257 shares of the company were exchanged, compared to its average volume of 126,348. Willdan Group, Inc. has a 52 week low of $25.91 and a 52 week high of $50.00. 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 stock has a market capitalization of $604.56 million, a PE ratio of 25.74 and a beta of 1.41. The business has a 50 day simple moving average of $36.38 and a two-hundred day simple moving average of $39.77.

Analyst Upgrades and Downgrades

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

Willdan Group 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.