Dark Forest Capital Management LP Acquires Shares of 8,796 Exponent, Inc. (NASDAQ:EXPO)

Dark Forest Capital Management LP bought a new position in Exponent, Inc. (NASDAQ:EXPO - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,796 shares of the business services provider's stock, valued at approximately $784,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. acquired a new stake in Exponent during the 3rd quarter worth approximately $26,000. Private Trust Co. NA grew its holdings in shares of Exponent by 129.8% during the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider's stock worth $25,000 after buying an additional 157 shares in the last quarter. Atala Financial Inc acquired a new stake in Exponent in the 4th quarter valued at approximately $25,000. Tortoise Investment Management LLC lifted its stake in Exponent by 76.7% in the 4th quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider's stock valued at $39,000 after acquiring an additional 191 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new position in Exponent during the 4th quarter worth approximately $45,000. 92.37% of the stock is owned by institutional investors.

Exponent Trading Down 1.2 %

Shares of NASDAQ EXPO traded down $0.98 during midday trading on Wednesday, reaching $77.90. The company's stock had a trading volume of 41,225 shares, compared to its average volume of 239,897. The stock has a 50 day simple moving average of $81.04 and a 200-day simple moving average of $90.42. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 36.82 and a beta of 0.84. Exponent, Inc. has a fifty-two week low of $73.83 and a fifty-two week high of $115.75.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. Exponent had a net margin of 19.52% and a return on equity of 27.27%. During the same period last year, the company posted $0.41 EPS. As a group, equities analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Insider Activity at Exponent

In other news, VP Richard Reiss sold 1,736 shares of the stock in a transaction that occurred 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 owns 1,800 shares of the company's stock, valued at approximately $154,674. This represents a 49.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.10% of the company's stock.

About Exponent

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.