Legato Capital Management LLC Sells 12,648 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Legato Capital Management LLC decreased its position in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 23.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,129 shares of the construction company’s stock after selling 12,648 shares during the period. Legato Capital Management LLC owned approximately 0.29% of Willdan Group worth $1,567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in WLDN. Quantbot Technologies LP bought a new position in shares of Willdan Group in the third quarter worth about $26,000. nVerses Capital LLC grew its holdings in shares of Willdan Group by 125.0% in the third quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Willdan Group in the third quarter worth about $44,000. FMR LLC grew its holdings 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 worth $161,000 after purchasing an additional 3,048 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Willdan Group in the third quarter worth about $201,000. 72.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wedbush restated an “outperform” rating and issued a $51.00 price target on shares of Willdan Group in a report on Monday, November 4th.

Willdan Group Stock Down 1.7 %

Shares of Willdan Group stock opened at $34.90 on Wednesday. The stock has a market cap of $492.79 million, a price-to-earnings ratio of 21.41 and a beta of 1.37. The firm’s 50-day moving average is $38.26 and its two-hundred day moving average is $39.88. Willdan Group, Inc. has a 1 year low of $19.38 and a 1 year high of $50.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77.

Insider Buying and Selling at Willdan Group

In other Willdan Group news, Director Thomas Donald Brisbin sold 7,700 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.69, for a total transaction of $321,013.00. Following the completion of the sale, the director now directly owns 422,104 shares of the company’s stock, valued at approximately $17,597,515.76. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Creighton K. Early sold 4,349 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $43.13, for a total transaction of $187,572.37. Following the sale, the chief financial officer now directly owns 69,146 shares of the company’s stock, valued at approximately $2,982,266.98. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,983 shares of company stock valued at $853,329. 9.80% of the stock is currently owned by insiders.

Willdan Group 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.