Forager Fund, L.P., a significant shareholder in Willdan Group , Inc. (NASDAQ:WLDN), has recently sold a substantial amount of company stock, according to the latest filings. The transactions, which occurred over a series of days, have caught the attention of investors, with the total value of shares sold surpassing $400,000.
The sales took place on three separate dates, with the first batch of 5,900 shares sold on May 14 at a weighted average price of $32.0657 per share. This was followed by a sale of 5,505 shares on May 15, at an average price of $32.6042, and a final sale of 1,060 shares on May 16 at $32.0104 per share. The prices for these sales ranged from $32.00 to $32.68, reflecting slight fluctuations in market valuation.
Post-transaction, Forager Fund, L.P.’s holdings in Willdan Group have been adjusted, yet they remain a significant shareholder. The fund's recent divestment has resulted in a combined total of $402,604 from the sales, which could signal a strategic move or simply a portfolio rebalancing.
Willdan Group, known for its engineering services, has been a player in the industry with a stable market presence. The transactions by Forager Fund, L.P. may be of interest to investors who closely monitor insider activities as indicators of a company's financial health and future performance.
As these transactions have been publicly disclosed, interested parties can obtain further details upon request, as noted in the footnotes of the filing. It's important to note that the principals of Forager Capital Management, LLC, which is the general partner of Forager Fund, L.P., have shared authority over these investment decisions. They have also disclaimed beneficial ownership of the shares sold, except to the extent of their pecuniary interest.
Investors and market watchers will likely keep an eye on Willdan Group's stock performance and any further transactions that may provide insights into the company's trajectory and the investment strategies of its significant shareholders.
InvestingPro Insights
In light of the recent stock sales by Forager Fund, L.P., investors in Willdan Group, Inc. (NASDAQ:WLDN) may benefit from additional context provided by InvestingPro's real-time metrics and analytical tips. As of the latest data, Willdan Group has a market capitalization of $438.55 million, with a P/E ratio that stands at 33.25, suggesting that the stock is trading at a high earnings multiple. Additionally, the company's revenue has grown by 20.48% over the last twelve months as of Q1 2024, indicating a strong upward trend in its financial performance.
InvestingPro Tips highlight that Willdan Group's net income is expected to grow this year, which aligns with the positive revenue growth figures. Moreover, the company has had a strong return over the last year, with a 78.37% price total return, and it continues to demonstrate robust performance with a 20.53% return over the last month. These metrics suggest a potentially bullish outlook for investors considering the company's profitability and growth potential.
For those seeking to delve deeper into Willdan Group's financial health and future prospects, InvestingPro offers additional insights. There are 11 more InvestingPro Tips available for Willdan Group that can provide a more comprehensive analysis. To access these insights, visit InvestingPro and remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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