Essex Investment Management Co. LLC decreased its stake in shares of Willdan Group Inc. (NASDAQ:WLDN) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,539 shares of the company’s stock after selling 546 shares during the period. Essex Investment Management Co. LLC’s holdings in Willdan Group were worth $526,000 at the end of the most recent reporting period.
Separately, Acadian Asset Management LLC raised its stake in Willdan Group by 0.5% in the first quarter. Acadian Asset Management LLC now owns 42,365 shares of the company’s stock valued at $408,000 after buying an additional 200 shares in the last quarter. 31.95% of the stock is owned by institutional investors and hedge funds.
Willdan Group Inc. (NASDAQ:WLDN) traded down 3.26% during midday trading on Thursday, reaching $17.82. The company had a trading volume of 21,742 shares. The firm has a 50-day moving average price of $17.31 and a 200-day moving average price of $12.37. Willdan Group Inc. has a 52 week low of $6.95 and a 52 week high of $19.15. The company has a market capitalization of $147.87 million, a price-to-earnings ratio of 27.16 and a beta of 1.16.
Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.14. Willdan Group had a net margin of 3.44% and a return on equity of 13.55%. The company had revenue of $58.90 million for the quarter, compared to analyst estimates of $49.55 million. Analysts expect that Willdan Group Inc. will post $0.85 EPS for the current fiscal year.
Separately, Wedbush reissued an “outperform” rating and set a $15.00 price objective (down previously from $17.00) on shares of Willdan Group in a research note on Friday, August 5th.
About Willdan Group
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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