AdvisorShares Investments LLC Invests $30,000 in Willdan Group, Inc. $WLDN

AdvisorShares Investments LLC bought a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 475 shares of the construction company’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Willdan Group by 3.0% during the first quarter. Vanguard Group Inc. now owns 774,212 shares of the construction company’s stock worth $31,526,000 after purchasing an additional 22,227 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Willdan Group during the first quarter worth about $10,313,000. Goldman Sachs Group Inc. increased its stake in shares of Willdan Group by 35.1% during the first quarter. Goldman Sachs Group Inc. now owns 214,421 shares of the construction company’s stock worth $8,731,000 after purchasing an additional 55,704 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Willdan Group by 33.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 211,053 shares of the construction company’s stock worth $14,055,000 after buying an additional 52,652 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in shares of Willdan Group during the first quarter worth $4,687,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Willdan Group Trading Up 2.7%

Shares of WLDN stock opened at $94.51 on Friday. The company’s 50-day moving average price is $99.39 and its 200-day moving average price is $77.30. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 39.54 and a beta of 1.25. Willdan Group, Inc. has a twelve month low of $30.43 and a twelve month high of $121.00.

Analyst Upgrades and Downgrades

WLDN has been the subject of a number of research reports. Roth Capital reaffirmed a “buy” rating and set a $103.00 target price (up previously from $62.00) on shares of Willdan Group in a report on Tuesday, August 5th. Zacks Research lowered shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Willdan Group in a report on Thursday. Finally, Wedbush reaffirmed an “outperform” rating and set a $120.00 target price on shares of Willdan Group in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Willdan Group presently has an average rating of “Moderate Buy” and a consensus target price of $111.50.

Insider Activity

In other news, VP Micah Chen sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $106.00, for a total transaction of $1,060,000.00. Following the transaction, the vice president owned 40,423 shares of the company’s stock, valued at approximately $4,284,838. The trade was a 19.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Creighton K. Early sold 7,764 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $116.54, for a total transaction of $904,816.56. Following the transaction, the chief financial officer directly owned 72,071 shares in the company, valued at approximately $8,399,154.34. The trade was a 9.73% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 416,439 shares of company stock worth $44,925,389. Insiders own 8.60% of the company’s stock.

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.