Malaga Cove Capital LLC Acquires 3,171 Shares of Exponent, Inc. (NASDAQ:EXPO)

Malaga Cove Capital LLC grew its holdings in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 147.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,327 shares of the business services provider's stock after acquiring an additional 3,171 shares during the quarter. Malaga Cove Capital LLC's holdings in Exponent were worth $475,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Exponent by 219.0% in the third quarter. Barclays PLC now owns 96,526 shares of the business services provider's stock valued at $11,127,000 after buying an additional 66,263 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Exponent by 223.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,158 shares of the business services provider's stock valued at $541,000 after buying an additional 4,254 shares during the period. Argent Capital Management LLC increased its stake in shares of Exponent by 17.3% in the fourth quarter. Argent Capital Management LLC now owns 28,323 shares of the business services provider's stock valued at $2,524,000 after buying an additional 4,173 shares during the period. KBC Group NV increased its stake in shares of Exponent by 62.4% in the fourth quarter. KBC Group NV now owns 2,274 shares of the business services provider's stock valued at $203,000 after buying an additional 874 shares during the period. Finally, PineStone Asset Management Inc. increased its stake in shares of Exponent by 12.4% in the fourth quarter. PineStone Asset Management Inc. now owns 98,311 shares of the business services provider's stock valued at $8,760,000 after buying an additional 10,811 shares during the period. Institutional investors and hedge funds own 92.37% of the company's stock.

Exponent Stock Performance

Shares of Exponent stock traded up $0.82 on Friday, hitting $80.05. The stock had a trading volume of 458,574 shares, compared to its average volume of 244,606. The stock has a 50 day moving average of $79.27 and a 200 day moving average of $87.85. Exponent, Inc. has a twelve month low of $73.37 and a twelve month high of $115.75. The firm has a market capitalization of $4.06 billion, a P/E ratio of 37.76 and a beta of 0.95.

Exponent (NASDAQ:EXPO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Equities analysts expect that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, June 6th. Exponent's dividend payout ratio is presently 58.54%.

Insider Buying and Selling at Exponent

In other Exponent news, VP Richard Reiss sold 1,736 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total transaction 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 document filed with the SEC, which can be accessed through this hyperlink. 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.