Willdan Group , Inc. (NASDAQ:WLDN) director Thomas Donald Brisbin has recently engaged in significant trading activity, as reflected in the latest SEC filings. Brisbin completed both acquisitions and sales of company shares on May 28 and 29, 2024.
The director acquired a total of 19,821 shares of Willdan Group's common stock at a set price of $7.13 per share, amounting to $141,323 in total transaction value. On the same dates, Brisbin sold an equal number of shares, 19,821, at prices ranging from $31.37 to $32.06. The total proceeds from the sales amounted to $634,373, indicating a substantial profit from the transactions.
The sales were conducted in multiple transactions at varying prices. Specifically, on May 28, Brisbin sold 18,245 shares at an average price of $32.06, while on May 29, he sold 1,576 shares at an average price of $31.37. The SEC filings included footnotes detailing that the sales prices were weighted averages, and the director is willing to provide full information on the number of shares sold at each separate price within the stated ranges upon request.
The filings also noted that Brisbin's ownership following these transactions includes 11,667 shares of restricted stock that vest in two installments in 2025 and 2026, and 6,250 shares that vest in 2025.
These transactions come alongside derivative transactions involving stock options, which were exercised but are not the focus of the reported sales.
Investors and market watchers often scrutinize such filings for insights into executives' perspectives on their company's stock. The significant sale by Director Brisbin may be of particular interest to those following Willdan Group's financial developments.
InvestingPro Insights
Amidst the trading activity by Willdan Group, Inc.'s (NASDAQ:WLDN) director Thomas Donald Brisbin, investors might find the latest metrics and insights from InvestingPro particularly illuminating. According to InvestingPro, Willdan Group is expected to see an increase in net income this year, which aligns with the director's confidence in the company's performance.
An analysis of the company's financial health shows that its liquid assets exceed short-term obligations, suggesting a strong liquidity position. Furthermore, Willdan Group operates with a moderate level of debt, which may afford it a degree of financial flexibility in its operations and investment strategies.
From a valuation standpoint, Willdan Group is currently trading at a high earnings multiple, with a P/E ratio of 33.43 and an adjusted P/E ratio for the last twelve months as of Q1 2024 at 34.92. The company's revenue has grown by 20.48% over the last twelve months, and its gross profit margin stands at a robust 35.08%. Additionally, the company has experienced a significant price uptick, with a 55.4% total return over the last six months.
For investors interested in further insights and metrics, there are additional InvestingPro Tips available that can be accessed on the InvestingPro platform for Willdan Group at: https://www.investing.com/pro/WLDN. By using the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking even more valuable information to inform their investment decisions.
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