Willdan Group, Inc. (NASDAQ:WLDN) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in Willdan Group, Inc. (NASDAQ:WLDN) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,574 shares of the construction company’s stock after selling 13,038 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Willdan Group were worth $1,241,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WLDN. Quantbot Technologies LP acquired a new stake in Willdan Group in the 3rd quarter valued at $26,000. Farther Finance Advisors LLC purchased a new stake in shares of Willdan Group in the fourth quarter worth about $40,000. FMR LLC grew its stake in shares of Willdan Group by 343.6% in the third quarter. FMR LLC now owns 3,935 shares of the construction company’s stock valued at $161,000 after buying an additional 3,048 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Willdan Group during the 3rd quarter valued at about $201,000. Finally, Moran Wealth Management LLC acquired a new position in Willdan Group during the 4th quarter worth approximately $201,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WLDN. StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Wedbush raised shares of Willdan Group to a “strong-buy” rating in a report on Monday, March 10th.

Willdan Group Trading Up 2.2 %

NASDAQ:WLDN opened at $42.83 on Thursday. The stock has a market cap of $617.09 million, a price-to-earnings ratio of 26.28 and a beta of 1.41. Willdan Group, Inc. has a one year low of $25.91 and a one year high of $50.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. The business’s 50-day simple moving average is $36.12 and its 200 day simple moving average is $39.71.

Insiders Place Their Bets

In other news, Director Mohammad Shahidehpour sold 2,273 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total value of $89,101.60. Following the transaction, the director now directly owns 12,767 shares in the company, valued at approximately $500,466.40. This trade represents a 15.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.80% of the stock is owned by company insiders.

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.