AlphaQuest LLC Grows Stock Position in Exponent, Inc. $EXPO

Key Points

• AlphaQuest LLC increased its holdings in Exponent, Inc. by 493.9%, acquiring an additional 26,612 shares in the first quarter, bringing their total ownership to 32,000 shares worth approximately $2.6 million.
• Exponent recently reported earnings of $0.52 per share, exceeding analyst expectations of $0.48, with revenue of $132.87 million for the quarter, marking a 7.3% increase year-over-year.
• The company announced a quarterly dividend of $0.30 per share, which will be paid on September 19th, representing an annualized yield of 1.7%.

AlphaQuest LLC raised its stake in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 493.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,000 shares of the business services provider's stock after acquiring an additional 26,612 shares during the quarter. AlphaQuest LLC owned approximately 0.06% of Exponent worth $2,594,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of EXPO. First Trust Advisors LP boosted its position in Exponent by 74.1% during the 4th quarter. First Trust Advisors LP now owns 52,439 shares of the business services provider's stock valued at $4,672,000 after acquiring an additional 22,323 shares in the last quarter. MetLife Investment Management LLC boosted its position in Exponent by 8.3% during the 4th quarter. MetLife Investment Management LLC now owns 58,331 shares of the business services provider's stock valued at $5,197,000 after acquiring an additional 4,461 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Exponent by 197.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,521 shares of the business services provider's stock valued at $314,000 after acquiring an additional 2,336 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Exponent by 47.1% in the 4th quarter. Hsbc Holdings PLC now owns 25,502 shares of the business services provider's stock worth $2,270,000 after purchasing an additional 8,167 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Exponent in the 4th quarter worth $784,000. Institutional investors own 92.37% of the company's stock.

Insider Transactions at Exponent

In other Exponent news, CEO Catherine Corrigan sold 4,896 shares of Exponent stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $71.09, for a total transaction of $348,056.64. Following the completion of the sale, the chief executive officer owned 81,342 shares of the company's stock, valued at approximately $5,782,602.78. The trade was a 5.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Joseph Sala sold 1,595 shares of Exponent stock in a transaction dated Tuesday, August 12th. The stock was 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. Insiders own 1.60% of the company's stock.

Exponent Stock Up 1.3%

Shares of Exponent stock traded up $0.92 during trading on Tuesday, reaching $71.73. The company's stock had a trading volume of 487,329 shares, compared to its average volume of 322,955. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 35.87 and a beta of 0.89. Exponent, Inc. has a 1-year low of $63.81 and a 1-year high of $115.75. The company has a 50-day simple moving average of $72.75 and a two-hundred day simple moving average of $77.75.

Exponent (NASDAQ:EXPO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The firm had revenue of $132.87 million during the quarter, compared to analysts' expectations of $130.82 million. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. As a group, analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. Exponent's payout ratio is currently 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.