Bayforest Capital Ltd Buys New Stake in Exponent, Inc. (NASDAQ:EXPO)

Key Points

• Bayforest Capital Ltd has acquired 5,149 shares of Exponent, Inc. (NASDAQ:EXPO), valued at approximately $417,000, as stated in its recent SEC filing.
• Exponent's stock is currently down 2.3%, with a market cap of $3.49 billion and a price-to-earnings ratio of 33.58.
• The company reported earnings of $0.52 EPS for the last quarter, surpassing analyst expectations, with a revenue of $137.44 million.

Bayforest Capital Ltd acquired a new stake in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,149 shares of the business services provider's stock, valued at approximately $417,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its position in Exponent by 1.5% during the fourth quarter. Bank of Montreal Can now owns 8,747 shares of the business services provider's stock valued at $779,000 after purchasing an additional 131 shares during the period. State of Alaska Department of Revenue raised its position in Exponent by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,946 shares of the business services provider's stock worth $481,000 after acquiring an additional 155 shares during the period. CIBC Private Wealth Group LLC raised its position in Exponent by 3.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,418 shares of the business services provider's stock worth $394,000 after acquiring an additional 161 shares during the period. Mitchell & Pahl Private Wealth LLC raised its position in Exponent by 2.5% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 6,709 shares of the business services provider's stock worth $544,000 after acquiring an additional 164 shares during the period. Finally, Portside Wealth Group LLC raised its position in Exponent by 6.0% in the first quarter. Portside Wealth Group LLC now owns 2,993 shares of the business services provider's stock worth $243,000 after acquiring an additional 170 shares during the period. Institutional investors own 92.37% of the company's stock.

Insider Activity

In other news, VP Joseph Rakow sold 1,573 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total transaction of $122,253.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Bradley A. James sold 2,694 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $79.52, for a total transaction of $214,226.88. The disclosure for this sale can be found here. Insiders have sold 6,267 shares of company stock worth $489,120 in the last three months. Company insiders own 1.60% of the company's stock.

Exponent Stock Up 3.0%

EXPO traded up $2.07 during trading on Monday, hitting $70.40. The company's stock had a trading volume of 149,295 shares, compared to its average volume of 310,315. Exponent, Inc. has a one year low of $63.81 and a one year high of $115.75. The firm has a market cap of $3.57 billion, a PE ratio of 35.15 and a beta of 0.89. The business's 50 day simple moving average is $74.71 and its 200-day simple moving average is $80.15.

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

Exponent Dividend Announcement

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