In recent market activity, Thomas Donald Brisbin, a director at Willdan Group , Inc. (NASDAQ:WLDN), engaged in significant trading of company shares. On May 20, Brisbin sold 14,426 shares of Willdan Group's common stock at an average price of $32.06, resulting in a total transaction value of approximately $462,497.
The sales took place in multiple transactions ranging from $32.05 to $32.22 per share. This information comes from a footnote in the SEC filing, which also indicates Brisbin's willingness to provide further details about the sales upon request.
In conjunction with the sale, Brisbin also acquired the same number of shares through the exercise of stock options at a price of $7.13 per share, totaling around $102,857. These options were part of the company's Amended and Restated 2008 Performance Incentive Plan and had vested over a period ending in 2017.
Following these transactions, the SEC filing footnote reveals that Brisbin's remaining ownership includes both restricted stock set to vest in the coming years and additional shares from the exercised options.
Investors monitoring insider activity may find Brisbin's trades noteworthy as they reflect a director's financial moves involving equity in the engineering services firm. Willdan Group's business address is located at 2401 East Katella Avenue, Suite 300, Anaheim, California.
InvestingPro Insights
In light of the recent insider trading activity at Willdan Group, Inc. (NASDAQ:WLDN), insights from InvestingPro can provide investors with a broader context on the company's financial health and market performance. According to InvestingPro data, Willdan Group is currently trading at a high earnings multiple, with a P/E ratio of 33.25 and an adjusted P/E ratio for the last twelve months as of Q1 2024 at 34.22.
InvestingPro Tips suggest that Willdan Group's net income is expected to grow this year, which may justify the high earnings multiple to some investors. Moreover, the company has demonstrated a strong return over the last three months, with a 55.12% price total return, and an even more impressive 89.1% return over the last year. This robust performance is further highlighted by a significant price uptick over the last six months, totaling a 61.76% price total return.
Investors considering Willdan Group should note that the company operates with a moderate level of debt and its liquid assets exceed short-term obligations, which may provide some reassurance regarding the company's financial stability. Additionally, analysts predict the company will be profitable this year, as it has been over the last twelve months.
For those seeking more detailed analysis and additional insights, there are 11 more InvestingPro Tips available at https://www.investing.com/pro/WLDN. Interested readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing access to a comprehensive suite of investment tools and data to inform their trading strategies.
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