Form 4: Forager Fund, L.P. Sells 188,230 Shares of Willdan Group, Inc. (WLDN)

Forager Fund, L.P., along with related individuals, reports the sale of 188,230 shares of Willdan Group, Inc. at an average price of $29.9345 per share.

Summary

• On July 9, 2024, Forager Fund, L.P. sold 188,230 shares of Willdan Group, Inc. common stock.
• The sale price averaged $29.9345 per share, with individual transactions ranging from $29.90 to $30.06.
• Following the transaction, Forager Fund, L.P. directly holds 1,255,765 shares.
• Edward Kissel directly holds 11,402 shares, and Robert MacArthur directly holds 271 shares.
• Kissel's spouse directly holds 1,775 shares.
• Kissel and MacArthur, as principals of Forager Capital Management, LLC, disclaim beneficial ownership of the shares except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a transaction without expressing an opinion on the company's future performance. The sale itself could be interpreted in various ways.

Negatives

• Forager Fund, L.P. reduced its stake in Willdan Group, Inc. by selling 188,230 shares.

Industry Context

This transaction reflects investment decisions made by a significant shareholder, Forager Fund, L.P., and may or may not be indicative of broader market sentiment towards Willdan Group, Inc. or the engineering and consulting services industry.

Comparison to Industry Standards

• Without specific industry benchmarks for shareholder transactions, it's difficult to directly compare this sale to industry standards.
• However, large institutional investors like Forager Fund, L.P. often adjust their holdings based on internal assessments of company performance, market conditions, and portfolio diversification strategies.
• Comparable companies in the engineering and consulting services sector include AECOM, Jacobs Engineering Group, and Tetra Tech, but their shareholder activity would need to be analyzed separately to draw meaningful comparisons.

Stakeholder Impact

• The sale of shares by a significant shareholder like Forager Fund, L.P. could potentially influence investor sentiment and, consequently, the stock price of Willdan Group, Inc.

Key Dates