Divisadero Street Capital Management LP Increases Stock Holdings in Willdan Group, Inc. $WLDN

Divisadero Street Capital Management LP increased its holdings in Willdan Group, Inc. (NASDAQ:WLDN) by 62.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 278,955 shares of the construction company’s stock after purchasing an additional 107,033 shares during the quarter. Willdan Group makes up about 1.1% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 20th largest position. Divisadero Street Capital Management LP’s holdings in Willdan Group were worth $17,437,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. AdvisorShares Investments LLC acquired a new position in Willdan Group during the second quarter worth about $30,000. USA Financial Formulas purchased a new position in shares of Willdan Group during the 2nd quarter worth approximately $65,000. McIlrath & Eck LLC acquired a new position in shares of Willdan Group during the 1st quarter worth approximately $75,000. Ameritas Investment Partners Inc. lifted its stake in Willdan Group by 15.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,419 shares of the construction company’s stock valued at $89,000 after buying an additional 191 shares in the last quarter. Finally, CWM LLC lifted its stake in Willdan Group by 82.6% in the 2nd quarter. CWM LLC now owns 2,042 shares of the construction company’s stock valued at $128,000 after buying an additional 924 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Zacks Research raised Willdan Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Wall Street Zen cut Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Wedbush reissued an “outperform” rating and issued a $120.00 target price on shares of Willdan Group in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Willdan Group in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, Willdan Group currently has a consensus rating of “Buy” and a consensus price target of $111.50.

Willdan Group Stock Down 0.8%

Shares of NASDAQ:WLDN opened at $104.30 on Monday. The stock’s 50-day moving average price is $95.49 and its two-hundred day moving average price is $87.39. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.17. Willdan Group, Inc. has a 12-month low of $30.43 and a 12-month high of $121.00. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 37.52 and a beta of 0.96.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, November 6th. The construction company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.40. The company had revenue of $94.97 million during the quarter, compared to the consensus estimate of $164.00 million. Willdan Group had a net margin of 6.37% and a return on equity of 20.23%. On average, research analysts forecast that Willdan Group, Inc. will post 1.82 EPS for the current year.

Insider Buying and Selling

In other Willdan Group news, Director Dennis V. Mcginn sold 7,298 shares of Willdan Group stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $106.32, for a total value of $775,923.36. Following the transaction, the director owned 11,330 shares in the company, valued at $1,204,605.60. This trade represents a 39.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Micah Chen sold 10,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $106.00, for a total value of $1,060,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 8.60% 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.