Y Intercept Hong Kong Ltd Buys New Stake in Willdan Group, Inc. (NASDAQ:WLDN)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,906 shares of the construction company’s stock, valued at approximately $365,000. Y Intercept Hong Kong Ltd owned 0.06% of Willdan Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wulff Hansen & CO. boosted its stake in shares of Willdan Group by 2,785.0% during the 2nd quarter. Wulff Hansen & CO. now owns 668,310 shares of the construction company’s stock worth $19,281,000 after acquiring an additional 645,145 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Willdan Group during the third quarter worth approximately $2,970,000. Acadian Asset Management LLC grew its holdings in Willdan Group by 1,905.2% in the second quarter. Acadian Asset Management LLC now owns 55,144 shares of the construction company’s stock valued at $1,588,000 after purchasing an additional 52,394 shares during the period. Renaissance Technologies LLC increased its position in shares of Willdan Group by 339.9% in the second quarter. Renaissance Technologies LLC now owns 55,426 shares of the construction company’s stock valued at $1,599,000 after buying an additional 42,826 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Willdan Group by 68.9% during the 2nd quarter. Millennium Management LLC now owns 104,259 shares of the construction company’s stock worth $3,008,000 after buying an additional 42,533 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Willdan Group Trading Up 2.0 %

Shares of WLDN opened at $41.64 on Tuesday. Willdan Group, Inc. has a 52-week low of $17.23 and a 52-week high of $50.00. The stock has a market cap of $588.17 million, a PE ratio of 25.55 and a beta of 1.36. The firm’s fifty day moving average is $43.84 and its two-hundred day moving average is $38.02. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

In other news, CFO Creighton K. Early sold 4,349 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $43.13, for a total transaction of $187,572.37. Following the transaction, the chief financial officer now directly owns 69,146 shares in the company, valued at $2,982,266.98. The trade was a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas Donald Brisbin sold 7,700 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.69, for a total value of $321,013.00. Following the completion of the sale, the director now directly owns 422,104 shares of the company’s stock, valued at approximately $17,597,515.76. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,787 shares of company stock worth $936,061. 9.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WLDN shares. StockNews.com lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Wedbush reissued an “outperform” rating and set a $51.00 target price on shares of Willdan Group in a research note on Monday, November 4th.

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.