Laurion Capital Management LP Takes Position in Exponent, Inc. (EXPO)
Laurion Capital Management LP purchased a new position in shares of Exponent, Inc. (NASDAQ:EXPO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,800 shares of the business services provider’s stock, valued at approximately $338,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Riverhead Capital Management LLC increased its stake in Exponent by 89.7% in the second quarter. Riverhead Capital Management LLC now owns 1,897 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 897 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Exponent during the first quarter valued at approximately $132,000. Victory Capital Management Inc. raised its position in Exponent by 9.2% during the first quarter. Victory Capital Management Inc. now owns 2,683 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 226 shares in the last quarter. Bank of Montreal Can raised its position in Exponent by 0.7% during the second quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 22 shares in the last quarter. Finally, Sei Investments Co. raised its position in Exponent by 28.8% during the second quarter. Sei Investments Co. now owns 3,392 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 759 shares in the last quarter. Institutional investors and hedge funds own 88.26% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Exponent from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Cantor Fitzgerald reiterated a “buy” rating and issued a $75.00 price target on shares of Exponent in a research note on Thursday, August 31st. ValuEngine upgraded Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, BidaskClub cut Exponent from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th.
In other Exponent news, insider Sally Shepard sold 1,255 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $65.37, for a total value of $82,039.35. Following the transaction, the insider now directly owns 1,560 shares in the company, valued at approximately $101,977.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Harri Kytomaa sold 12,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $66.38, for a total value of $796,560.00. Following the completion of the sale, the insider now directly owns 11,360 shares in the company, valued at approximately $754,076.80. The disclosure for this sale can be found here. Insiders have sold 77,848 shares of company stock valued at $5,203,447 in the last three months. 2.80% of the stock is owned by corporate insiders.
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Exponent, Inc. (NASDAQ:EXPO) opened at 73.90 on Monday. The firm has a 50-day moving average price of $67.02 and a 200-day moving average price of $61.69. The company has a market cap of $1.91 billion, a PE ratio of 38.31 and a beta of 0.61. Exponent, Inc. has a 52-week low of $48.42 and a 52-week high of $75.43.
Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Tuesday, July 18th. The business services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.10. The firm had revenue of $84.10 million for the quarter, compared to analysts’ expectations of $79.30 million. Exponent had a net margin of 15.94% and a return on equity of 16.52%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, analysts forecast that Exponent, Inc. will post $1.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.14%. The ex-dividend date was Wednesday, August 30th. Exponent’s dividend payout ratio is 43.52%.
Exponent Company Profile
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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