Willdan Group , Inc. (NASDAQ:WLDN) director Thomas Donald Brisbin has recently sold company shares, according to the latest SEC filings. The transaction occurred on May 24, 2024, with Brisbin parting with a total of 397 shares at an average price of $31.90 per share, amounting to a total of $12,664.
On the same day, Brisbin also acquired 397 shares of Willdan Group's common stock at $7.13 per share, totaling an investment of $2,830. These shares were acquired through the exercise of options under the company's incentive plan, which vested in previous years.
The filings indicate that following these transactions, Brisbin's direct holdings in the company include a substantial number of shares. Notably, his ownership includes 11,667 shares of restricted stock that are set to vest in March 2025 and 2026, as well as an additional 6,250 shares of restricted stock vesting in March 2025.
Investors often monitor insider transactions such as these for insights into the confidence levels of company executives and directors regarding the firm's prospects. While such sales and purchases are a regular part of insider activity, they are subject to strict regulatory reporting requirements.
Willdan Group, Inc., with its headquarters in Anaheim, California, specializes in providing professional technical and consulting services across various sectors. The company is well-known in the engineering services industry and is incorporated in Delaware.
InvestingPro Insights
Following the recent insider transactions by director Thomas Donald Brisbin, Willdan Group, Inc. (NASDAQ:WLDN) continues to draw attention from investors seeking to understand the company's financial health and future prospects. According to InvestingPro data, Willdan Group boasts a market capitalization of $441.87 million and has shown impressive revenue growth in the last twelve months as of Q1 2024, with an increase of 20.48%. This growth is a positive signal for potential investors, reflecting the company's ability to expand its revenue streams effectively.
Moreover, the company's stock has experienced a strong return over the last three months, with a 58.47% increase, and a notable 88.67% return over the past year. This trend is indicative of the market's positive reception to Willdan Group's performance and strategic initiatives. Additionally, the company's P/E ratio stands at 33.3, which, when coupled with a PEG ratio of just 0.08, suggests that Willdan Group's earnings growth is expected to outpace its earnings multiple, potentially offering an attractive opportunity for value investors.
InvestingPro Tips for Willdan Group highlight that the company is expected to see net income growth this year and operates with a moderate level of debt, which can be a reassuring factor for investors concerned about financial stability. With liquid assets that exceed short-term obligations, Willdan Group appears to be in a healthy liquidity position. It's worth noting that analysts predict the company will be profitable this year, which is consistent with the company being profitable over the last twelve months.
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