Kornitzer Capital Management Inc. KS Sells 15,000 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Kornitzer Capital Management Inc. KS decreased its stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 18.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,400 shares of the construction company's stock after selling 15,000 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.46% of Willdan Group worth $2,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wulff Hansen & CO. increased its stake in shares of Willdan Group by 2,785.0% in the 2nd quarter. Wulff Hansen & CO. now owns 668,310 shares of the construction company's stock valued at $19,281,000 after acquiring an additional 645,145 shares during the last quarter. Swedbank AB bought a new stake in Willdan Group in the first quarter valued at approximately $12,628,000. Summit Creek Advisors LLC raised its holdings in Willdan Group by 3.3% in the first quarter. Summit Creek Advisors LLC now owns 374,597 shares of the construction company's stock worth $10,860,000 after purchasing an additional 12,056 shares during the period. Dimensional Fund Advisors LP raised its holdings in Willdan Group by 14.6% in the second quarter. Dimensional Fund Advisors LP now owns 324,145 shares of the construction company's stock worth $9,351,000 after purchasing an additional 41,367 shares during the period. Finally, Essex Investment Management Co. LLC grew its holdings in shares of Willdan Group by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 155,761 shares of the construction company's stock valued at $6,378,000 after buying an additional 538 shares during the period. Institutional investors own 72.29% of the company's stock.

Willdan Group Stock Up 1.0 %

WLDN traded up $0.43 during trading on Friday, hitting $43.79. The company had a trading volume of 237,809 shares, compared to its average volume of 102,182. The firm's 50-day moving average price is $42.13 and its 200 day moving average price is $35.84. The company has a market capitalization of $618.53 million, a PE ratio of 26.87 and a beta of 1.39. The company has a quick ratio of 1.81, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a one year low of $17.23 and a one year high of $50.00.

Insider Activity

In related news, CEO Michael A. Bieber sold 1,804 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $45.86, for a total transaction of $82,731.44. Following the completion of the transaction, the chief executive officer now directly owns 173,654 shares in the company, valued at approximately $7,963,772.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Willdan Group news, CEO Michael A. Bieber sold 1,804 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $45.86, for a total transaction of $82,731.44. Following the completion of the transaction, the chief executive officer now owns 173,654 shares of the company's stock, valued at $7,963,772.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael A. Bieber sold 750 shares of Willdan Group stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $36.46, for a total transaction of $27,345.00. Following the completion of the sale, the chief executive officer now owns 169,726 shares in the company, valued at $6,188,209.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. StockNews.com cut shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, October 9th. Roth Mkm increased their price target on Willdan Group from $34.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, Wedbush reiterated an "outperform" rating and set a $51.00 price objective on shares of Willdan Group in a report on Monday, November 4th.

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.