Perritt Capital Management Inc Boosts Position in Willdan Group, Inc. (NASDAQ:WLDN)

Perritt Capital Management Inc boosted its position in Willdan Group, Inc. (NASDAQ:WLDN) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,000 shares of the construction company’s stock after purchasing an additional 1,000 shares during the period. Perritt Capital Management Inc owned about 0.06% of Willdan Group worth $343,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Navellier & Associates Inc. grew its position in shares of Willdan Group by 4.4% during the 4th quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company’s stock valued at $311,000 after acquiring an additional 341 shares during the period. Wulff Hansen & CO. raised its holdings in Willdan Group by 1.6% in the 4th quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company’s stock worth $869,000 after purchasing an additional 370 shares during the period. Inspire Investing LLC lifted its position in Willdan Group by 2.4% during the fourth quarter. Inspire Investing LLC now owns 21,390 shares of the construction company’s stock valued at $815,000 after purchasing an additional 501 shares in the last quarter. Rhumbline Advisers grew its holdings in Willdan Group by 2.9% during the fourth quarter. Rhumbline Advisers now owns 20,159 shares of the construction company’s stock valued at $768,000 after purchasing an additional 562 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Willdan Group in the third quarter worth about $26,000. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WLDN. Wedbush raised Willdan Group to a “strong-buy” rating in a research report on Monday, March 10th. StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 19th.

Insider Buying and Selling

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were 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 of the company’s stock, valued at approximately $500,466.40. This trade represents a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 9.80% of the stock is owned by insiders.

Willdan Group Price Performance

Shares of Willdan Group stock opened at $40.83 on Wednesday. The company has a market capitalization of $588.28 million, a price-to-earnings ratio of 25.05 and a beta of 1.41. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. The stock’s 50-day simple moving average is $36.91 and its 200-day simple moving average is $39.97. Willdan Group, Inc. has a 52 week low of $25.91 and a 52 week high of $50.00.

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.