Summit Creek Advisors LLC Sells 50,845 Shares of Willdan Group, Inc. $WLDN

Summit Creek Advisors LLC trimmed its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 13.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 313,892 shares of the construction company’s stock after selling 50,845 shares during the period. Willdan Group comprises about 2.7% of Summit Creek Advisors LLC’s portfolio, making the stock its 9th largest position. Summit Creek Advisors LLC owned about 2.16% of Willdan Group worth $19,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AdvisorShares Investments LLC acquired a new stake in shares of Willdan Group during the second quarter worth $30,000. USA Financial Formulas bought a new position in Willdan Group in the second quarter valued at $65,000. McIlrath & Eck LLC bought a new position in Willdan Group in the first quarter valued at $75,000. CWM LLC grew its position in Willdan Group by 82.6% in the second quarter. CWM LLC now owns 2,042 shares of the construction company’s stock valued at $128,000 after purchasing an additional 924 shares in the last quarter. Finally, Diversified Trust Co bought a new position in Willdan Group in the second quarter valued at $237,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Dennis V. Mcginn sold 7,298 shares of Willdan Group stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $106.32, for a total value of $775,923.36. Following the completion of the transaction, the director owned 11,330 shares of the company’s stock, valued at $1,204,605.60. This trade represents a 39.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Creighton K. Early sold 7,764 shares of Willdan Group 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 completion of the transaction, the chief financial officer directly owned 72,071 shares of the company’s stock, valued at approximately $8,399,154.34. This trade represents a 9.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 416,439 shares of company stock worth $44,925,389. Corporate insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WLDN. Zacks Research downgraded shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Wedbush reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Willdan Group in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Willdan Group in a research report on Thursday, October 30th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $103.00 target price (up previously from $62.00) on shares of Willdan Group in a research report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Willdan Group has an average rating of “Moderate Buy” and a consensus target price of $111.50.

Willdan Group Stock Performance

Shares of WLDN opened at $94.11 on Thursday. The firm has a 50-day moving average of $97.99 and a 200-day moving average of $78.71. Willdan Group, Inc. has a one year low of $30.43 and a one year high of $121.00. The company has a market cap of $1.38 billion, a PE ratio of 39.38 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.43 and a quick ratio of 1.43.

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.