Legato Capital Management LLC Decreases Stake in Willdan Group, Inc. (NASDAQ:WLDN)

Legato Capital Management LLC reduced its stake in Willdan Group, Inc. (NASDAQ:WLDN) by 23.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,129 shares of the construction company’s stock after selling 12,648 shares during the quarter. Legato Capital Management LLC’s holdings in Willdan Group were worth $1,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Willdan Group in the 3rd quarter valued at approximately $26,000. nVerses Capital LLC increased its holdings in Willdan Group by 125.0% in the 3rd quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock worth $37,000 after buying an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Willdan Group in the 3rd quarter worth approximately $44,000. FMR LLC increased its holdings in Willdan Group by 343.6% in the 3rd quarter. FMR LLC now owns 3,935 shares of the construction company’s stock worth $161,000 after buying an additional 3,048 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in Willdan Group in the 3rd quarter worth approximately $201,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Willdan Group

In other news, CFO Creighton K. Early sold 4,349 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $43.13, for a total transaction of $187,572.37. Following the sale, the chief financial officer now owns 69,146 shares of the company’s stock, valued at $2,982,266.98. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Donald Brisbin sold 7,700 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.45, for a total transaction of $334,565.00. Following the sale, the director now directly owns 406,704 shares in the company, valued at $17,671,288.80. The trade was a 1.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,983 shares of company stock valued at $853,329 in the last 90 days. 9.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated an “outperform” rating and issued a $51.00 price target on shares of Willdan Group in a report on Monday, November 4th.

Willdan Group Price Performance

Shares of NASDAQ:WLDN opened at $34.90 on Wednesday. Willdan Group, Inc. has a twelve month low of $19.38 and a twelve month high of $50.00. The company’s 50 day moving average is $38.26 and its 200 day moving average is $39.88. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. The company has a market cap of $492.79 million, a PE ratio of 21.41 and a beta of 1.37.

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.