Aigen Investment Management LP Makes New $825,000 Investment in Exponent, Inc. (NASDAQ:EXPO)

Key Points

• Aigen Investment Management LP invested approximately $825,000 in Exponent, Inc. by purchasing 10,182 shares in the first quarter.
• Exponent, Inc. announced a quarterly dividend of $0.30 per share, resulting in an annualized yield of 1.7%.
• The company reported earnings of $0.52 per share for the last quarter, surpassing analyst expectations by $0.04.

Aigen Investment Management LP acquired a new stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,182 shares of the business services provider's stock, valued at approximately $825,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC lifted its position in shares of Exponent by 5,333.3% in the first quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider's stock valued at $26,000 after acquiring an additional 320 shares in the last quarter. UMB Bank n.a. lifted its holdings in Exponent by 859.1% during the 1st quarter. UMB Bank n.a. now owns 633 shares of the business services provider's stock worth $51,000 after buying an additional 567 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Exponent by 103.3% in the 1st quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock worth $55,000 after purchasing an additional 346 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Exponent during the 4th quarter valued at $59,000. Finally, LRI Investments LLC increased its position in shares of Exponent by 30.4% during the 4th quarter. LRI Investments LLC now owns 1,460 shares of the business services provider's stock valued at $130,000 after purchasing an additional 340 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Exponent news, VP Joseph Rakow sold 1,573 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $77.72, for a total value of $122,253.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Joseph Sala sold 1,595 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $70.64, for a total value of $112,670.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,862 shares of company stock valued at $601,791. 1.60% of the stock is owned by insiders.

Exponent Price Performance

EXPO traded down $1.38 during trading on Friday, reaching $69.29. 292,461 shares of the stock traded hands, compared to its average volume of 309,355. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 34.64 and a beta of 0.89. Exponent, Inc. has a fifty-two week low of $63.81 and a fifty-two week high of $115.75. The stock's 50-day simple moving average is $73.62 and its two-hundred day simple moving average is $78.98.

Exponent (NASDAQ:EXPO - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $132.87 million for the quarter, compared to the consensus estimate of $130.82 million. Exponent had a return on equity of 24.19% and a net margin of 18.35%. Exponent's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. Research analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. Exponent's dividend payout ratio (DPR) is 60.00%.

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.