Form 4: Forager Fund, L.P. Reduces Stake in Willdan Group, Inc. (WLDN)

Forager Fund, L.P., along with Edward Kissel and Robert MacArthur, reported the sale of Willdan Group, Inc. shares between June 14 and June 18, 2024.

Summary

• Forager Fund, L.P. sold 699 shares of Willdan Group, Inc. (WLDN) on June 14, 2024, at an average price of $30.0195.
• On June 17, 2024, the fund sold 6,642 shares at an average price of $29.3961.
• A further 5,000 shares were sold on June 18, 2024, at an average price of $29.8989.
• Following these transactions, Forager Fund, L.P. directly holds 1,444,455 shares.
• Edward Kissel directly holds 11,402 shares, and Robert MacArthur directly holds 271 shares.
• Kissel's spouse directly holds 1,775 shares.
• Edward Kissel and Robert MacArthur, as principals of Forager Capital Management, LLC, share authority over the fund's shares but disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative as a major shareholder is reducing their position. This could be interpreted as a lack of confidence, but it could also be for portfolio rebalancing or other strategic reasons.

Negatives

• Forager Fund, L.P. reduced its stake in Willdan Group, Inc. by selling shares.

Industry Context

Form 4 filings are standard disclosures for significant shareholders and insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The sale of shares by a significant shareholder like Forager Fund, L.P. could potentially create downward pressure on the stock price in the short term, impacting shareholders.
• The transactions may not have a significant impact on employees, customers, suppliers, or creditors.

Key Dates