Occudo Quantitative Strategies LP Invests $662,000 in Exponent, Inc. (NASDAQ:EXPO)

Occudo Quantitative Strategies LP bought a new stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,428 shares of the business services provider's stock, valued at approximately $662,000.

Several other institutional investors also recently added to or reduced their stakes in EXPO. Private Trust Co. NA boosted its holdings in shares of Exponent by 129.8% in the 4th quarter. Private Trust Co. NA now owns 278 shares of the business services provider's stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Atala Financial Inc bought a new position in shares of Exponent during the fourth quarter valued at approximately $25,000. Tortoise Investment Management LLC grew its position in Exponent by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider's stock valued at $39,000 after purchasing an additional 191 shares during the last quarter. Trust Co. of Vermont purchased a new position in Exponent in the 4th quarter worth about $45,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Exponent in the 4th quarter worth $50,000. Institutional investors own 92.37% of the company's stock.

Exponent Stock Up 1.0%

EXPO traded up $0.82 during midday trading on Friday, reaching $80.05. The company had a trading volume of 458,574 shares, compared to its average volume of 244,979. The company has a market cap of $4.06 billion, a P/E ratio of 37.76 and a beta of 0.95. Exponent, Inc. has a 1 year low of $73.37 and a 1 year high of $115.75. The business has a 50-day moving average of $79.27 and a two-hundred day moving average of $87.79.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The company had revenue of $137.44 million during the quarter, compared to the consensus estimate of $134.63 million. Exponent had a return on equity of 27.27% and a net margin of 19.52%. Exponent's revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. On average, equities research analysts predict that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. Exponent's dividend payout ratio is presently 58.54%.

Insider Activity at Exponent

In other Exponent news, VP Richard Reiss sold 1,736 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the completion of the sale, the vice president now directly owns 1,800 shares in the company, valued at $154,674. This represents a 49.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by insiders.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.