ANAHEIM, CA – Thomas Donald Brisbin, a director at Willdan Group , Inc. (NASDAQ:WLDN), a professional services firm, has recently conducted a series of stock transactions, according to the latest SEC filings. On May 21 and 22, Brisbin sold a total of 8,009 shares of common stock at prices ranging from $32.12 to $32.16, netting a total of approximately $257,459.
Concurrently, Brisbin made purchases of shares at a significantly lower price. On the same dates, he acquired 2,742 and 5,267 shares of Willdan Group at a fixed price of $7.13 per share, amounting to a total investment of $57,104. These transactions involved exercising stock options granted under the company's incentive plan, which had vested in annual installments since 2015.
Investors often monitor the buying and selling activity of company insiders for insights into a company's financial health and the stock's potential future direction. The sales and purchases by Brisbin were executed directly and are part of his regular investment activities.
The details of the transactions are publicly available and provide transparency into the actions of Willdan Group's management team. Brisbin's remaining holdings in the company include both common stock and restricted shares, which are set to vest in the coming years.
For further information regarding the specific number of shares sold at each price within the reported ranges, Brisbin has agreed to provide full details to Willdan Group, its security holders, or the SEC staff upon request.
Willdan Group, headquartered in Anaheim, California, specializes in engineering services and has been incorporated in Delaware, operating under the industrial classification of Services-Engineering Services. The company's fiscal year concludes at the end of December.
InvestingPro Insights
Willdan Group, Inc. (NASDAQ:WLDN) has been showing a strong performance with several positive indicators for investors. According to InvestingPro data, Willdan's market capitalization stands at 432.75 million USD, reflecting its current valuation in the market. The company's Price/Earnings (P/E) Ratio is at 32.13, suggesting that investors are willing to pay a higher price for earnings, which can be indicative of growth expectations.
InvestingPro Tips highlight that Willdan is expected to see net income growth this year, which aligns with the company's revenue growth of 20.48% over the last twelve months as of Q1 2024. This revenue increase is a significant metric for investors, as it demonstrates the company's ability to expand its business. Additionally, Willdan's strong return over the past year, with a one-year price total return of 74.18%, signals robust investor confidence and market performance.
It's also worth noting that the company operates with a moderate level of debt and has liquid assets that exceed short-term obligations, providing it with financial stability. While Willdan does not pay a dividend, its strong returns and growth potential may be attractive to growth-focused investors.
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