Summit Creek Advisors LLC Has $14.85 Million Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Summit Creek Advisors LLC cut its holdings in Willdan Group, Inc. (NASDAQ:WLDN) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 364,737 shares of the construction company’s stock after selling 416 shares during the quarter. Willdan Group accounts for 2.2% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Summit Creek Advisors LLC owned about 2.52% of Willdan Group worth $14,852,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of Willdan Group by 18.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 43,287 shares of the construction company’s stock worth $1,649,000 after purchasing an additional 6,754 shares during the period. Quantbot Technologies LP raised its position in shares of 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 during the period. American Century Companies Inc. raised its position in shares of Willdan Group by 26.4% during the fourth quarter. American Century Companies Inc. now owns 25,784 shares of the construction company’s stock worth $982,000 after purchasing an additional 5,390 shares during the period. Sei Investments Co. raised its position in shares of Willdan Group by 70.0% during the fourth quarter. Sei Investments Co. now owns 35,119 shares of the construction company’s stock worth $1,338,000 after purchasing an additional 14,458 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Willdan Group by 7.2% during the fourth quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company’s stock worth $28,643,000 after purchasing an additional 50,262 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Micah Chen sold 10,000 shares of the company’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $50.50, for a total transaction of $505,000.00. Following the completion of the sale, the vice president owned 38,502 shares in the company, valued at approximately $1,944,351. This represents a 20.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Creighton K. Early sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $53.28, for a total value of $266,400.00. Following the sale, the chief financial officer owned 72,071 shares of the company’s stock, valued at $3,839,942.88. This trade represents a 6.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,000 shares of company stock worth $4,994,075. 8.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Wedbush reaffirmed an “outperform” rating on shares of Willdan Group in a research report on Thursday, July 10th.

Willdan Group Price Performance

Shares of NASDAQ:WLDN opened at $82.04 on Monday. The stock’s 50 day moving average is $63.56 and its 200-day moving average is $47.02. Willdan Group, Inc. has a twelve month low of $30.43 and a twelve month high of $82.99. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 48.54 and a beta of 1.25. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.35.

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.