Exponent, Inc. $EXPO Shares Sold by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC reduced its stake in Exponent, Inc. by 32.2%, selling 31,841 shares and leaving them with 66,897 shares valued at approximately $5.4 million.
• Exponent, Inc. reported a quarterly earnings per share of $0.52, exceeding analyst estimates by $0.04, and experienced a 7.3% increase in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.30 per share, expecting to maintain a dividend yield of 1.6%, with a current dividend payout ratio of 60%.

Curi RMB Capital LLC lowered its stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 32.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 66,897 shares of the business services provider's stock after selling 31,841 shares during the period. Curi RMB Capital LLC owned approximately 0.13% of Exponent worth $5,423,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new position in Exponent during the 1st quarter worth $15,349,000. Geneva Capital Management LLC increased its holdings in Exponent by 11.2% during the 1st quarter. Geneva Capital Management LLC now owns 1,745,828 shares of the business services provider's stock worth $141,517,000 after acquiring an additional 176,152 shares during the period. Nuveen LLC purchased a new position in Exponent in the 1st quarter worth approximately $10,828,000. Jane Street Group LLC boosted its stake in shares of Exponent by 1,481.0% in the 1st quarter. Jane Street Group LLC now owns 127,222 shares of the business services provider's stock valued at $10,313,000 after purchasing an additional 119,175 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its position in Exponent by 17.3% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 506,784 shares of the business services provider's stock valued at $41,250,000 after buying an additional 74,605 shares during the period. Institutional investors and hedge funds own 92.37% of the company's stock.

Insider Buying and Selling at Exponent

In other Exponent news, VP Joseph Sala sold 1,595 shares of Exponent stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $70.64, for a total transaction of $112,670.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Catherine Corrigan sold 4,896 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $71.09, for a total transaction of $348,056.64. Following the sale, the chief executive officer directly owned 81,342 shares of the company's stock, valued at $5,782,602.78. This represents a 5.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Exponent Trading Down 1.7%

NASDAQ EXPO traded down $1.18 during trading on Wednesday, hitting $68.48. The company had a trading volume of 146,292 shares, compared to its average volume of 328,881. Exponent, Inc. has a one year low of $63.81 and a one year high of $115.75. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 34.23 and a beta of 0.94. The company's fifty day moving average is $72.05 and its 200-day moving average is $76.53.

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

Exponent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, September 5th. 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.