Miles Capital Inc. Sells 24 Shares of Exponent, Inc. (EXPO)
Miles Capital Inc. cut its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 0.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,800 shares of the business services provider’s stock after selling 24 shares during the quarter. Miles Capital Inc.’s holdings in Exponent were worth $222,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Riverhead Capital Management LLC lifted its stake in Exponent by 89.7% in the 2nd 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 in the last quarter. Advisor Group Inc. boosted its position in Exponent by 15.4% during the 2nd quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock worth $124,000 after acquiring an additional 284 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Exponent during the 1st quarter worth approximately $132,000. Victory Capital Management Inc. boosted its position in Exponent by 9.2% during the 1st quarter. Victory Capital Management Inc. now owns 2,683 shares of the business services provider’s stock worth $160,000 after acquiring an additional 226 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Exponent by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock worth $189,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 88.26% of the company’s stock.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Thursday, July 20th. Cantor Fitzgerald restated a “buy” rating and set a $75.00 target price on shares of Exponent in a report on Thursday, August 31st. ValuEngine raised shares of Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, BidaskClub lowered shares of Exponent from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 27th.
Shares of Exponent, Inc. (NASDAQ EXPO) traded down 0.13% during midday trading on Tuesday, hitting $75.85. The stock had a trading volume of 4,909 shares. The firm has a market cap of $1.96 billion, a P/E ratio of 39.32 and a beta of 0.61. The company’s 50 day moving average is $69.00 and its 200 day moving average is $62.69. Exponent, Inc. has a 52 week low of $48.42 and a 52 week high of $76.20.
Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Tuesday, July 18th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. The business had revenue of $84.10 million during the quarter, compared to the consensus estimate of $79.30 million. Exponent had a return on equity of 16.52% and a net margin of 15.94%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. On average, equities analysts predict that Exponent, Inc. will post $1.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were issued a dividend of $0.21 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.84 annualized dividend and a yield of 1.11%. Exponent’s dividend payout ratio (DPR) is currently 43.52%.
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In related news, CEO Paul R. Johnston sold 3,052 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $73.11, for a total transaction of $223,131.72. Following the transaction, the chief executive officer now directly owns 35,342 shares in the company, valued at $2,583,853.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $82,039.35. Following the completion of the sale, the insider now directly owns 1,560 shares of the company’s stock, valued at $101,977.20. The disclosure for this sale can be found here. Insiders sold a total of 77,848 shares of company stock valued at $5,203,447 over the last three months. 2.80% of the stock is currently owned by insiders.
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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