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

Kornitzer Capital Management Inc. KS trimmed its holdings in Willdan Group, Inc. (NASDAQ:WLDN) by 18.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,400 shares of the construction company’s stock after selling 15,000 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Willdan Group were worth $2,637,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WLDN. nVerses Capital LLC lifted its stake in shares of Willdan Group by 125.0% in the 3rd quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock valued at $37,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Willdan Group during the third quarter valued at about $44,000. ProShare Advisors LLC bought a new position in Willdan Group during the second quarter valued at about $48,000. Acadian Asset Management LLC lifted its position in shares of Willdan Group by 168.3% in the first quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company’s stock worth $78,000 after buying an additional 1,725 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Willdan Group during the 1st quarter worth about $90,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Willdan Group Trading Up 1.0 %

Willdan Group stock opened at $43.79 on Friday. Willdan Group, Inc. has a 52 week low of $17.23 and a 52 week high of $50.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.81 and a current ratio of 1.77. The firm has a market capitalization of $618.53 million, a PE ratio of 26.87 and a beta of 1.39. The business’s 50-day simple moving average is $42.13 and its 200-day simple moving average is $35.78.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WLDN. Wedbush restated an “outperform” rating and issued a $51.00 target price on shares of Willdan Group in a report on Monday, November 4th. Roth Mkm boosted their price objective on shares of Willdan Group from $34.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th.

Insider Buying and Selling at Willdan Group

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

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.