Balyasny Asset Management L.P. Acquires New Shares in Willdan Group, Inc. (NASDAQ:WLDN)

Balyasny Asset Management L.P. acquired a new stake in Willdan Group, Inc. (NASDAQ:WLDN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,930 shares of the construction company’s stock, valued at approximately $607,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new position in Willdan Group during the fourth quarter worth $40,000. Tower Research Capital LLC TRC lifted its stake in Willdan Group by 470.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company’s stock worth $64,000 after purchasing an additional 1,387 shares in the last quarter. Legal & General Group Plc lifted its stake in Willdan Group by 26.4% during the fourth quarter. Legal & General Group Plc now owns 2,597 shares of the construction company’s stock worth $99,000 after purchasing an additional 542 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Willdan Group during the fourth quarter worth $125,000. Finally, Quantbot Technologies LP lifted its stake in Willdan Group by 626.5% during the fourth quarter. Quantbot Technologies LP now owns 4,526 shares of the construction company’s stock worth $172,000 after purchasing an additional 3,903 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on WLDN shares. Wedbush upgraded Willdan Group to a “strong-buy” rating in a research note on Monday, March 10th. StockNews.com cut Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th.

Willdan Group Stock Up 3.2%

Shares of NASDAQ WLDN opened at $47.28 on Friday. The stock has a market cap of $685.42 million, a P/E ratio of 29.01 and a beta of 1.09. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a 12-month low of $27.19 and a 12-month high of $50.00. The business’s fifty day simple moving average is $40.30 and its 200-day simple moving average is $39.35.

Insider Activity

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total value of $89,101.60. Following the transaction, the director now owns 12,767 shares of the company’s stock, valued at $500,466.40. This represents a 15.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 9.80% 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.