Argent Capital Management LLC decreased its stake in Willdan Group, Inc. (NASDAQ:WLDN) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,005 shares of the construction company’s stock after selling 975 shares during the quarter. Argent Capital Management LLC’s holdings in Willdan Group were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of WLDN. BNP Paribas Arbitrage SA increased its stake in shares of Willdan Group by 27.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,416 shares of the construction company’s stock valued at $99,000 after acquiring an additional 516 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Willdan Group in the fourth quarter worth $147,000. UBS Group AG grew its holdings in shares of Willdan Group by 277.3% in the 1st quarter. UBS Group AG now owns 3,943 shares of the construction company’s stock valued at $162,000 after buying an additional 2,898 shares during the period. UBS Asset Management Americas Inc. bought a new stake in shares of Willdan Group in the 4th quarter valued at $204,000. Finally, Clear Creek Financial Management LLC acquired a new position in Willdan Group in the fourth quarter valued at about $212,000. Hedge funds and other institutional investors own 72.82% of the company’s stock.
In related news, President Michael A. Bieber sold 5,350 shares of Willdan Group stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $46.43, for a total transaction of $248,400.50. Following the completion of the sale, the president now directly owns 74,574 shares of the company’s stock, valued at approximately $3,462,470.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Micah Chen sold 623 shares of Willdan Group stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $40.18, for a total transaction of $25,032.14. Following the completion of the sale, the general counsel now owns 15,236 shares of the company’s stock, valued at $612,182.48. The disclosure for this sale can be found here. Insiders sold 61,474 shares of company stock valued at $2,464,227 over the last three months. 13.40% of the stock is owned by company insiders.
Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, May 6th. The construction company reported ($0.08) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.08). The company had revenue of $79.09 million during the quarter, compared to the consensus estimate of $106.88 million. Willdan Group had a negative net margin of 2.78% and a positive return on equity of 3.44%. On average, equities research analysts predict that Willdan Group, Inc. will post 0.83 EPS for the current year.
Several equities analysts recently issued reports on WLDN shares. Wedbush reiterated an “outperform” rating on shares of Willdan Group in a research report on Friday, March 12th. Zacks Investment Research lowered Willdan Group from a “hold” rating to a “strong sell” rating in a report on Saturday, May 22nd.
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, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services, as well as software and data analytics.
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