Exponent, Inc. $EXPO Shares Bought by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP acquired an additional 36,815 shares of Exponent, Inc. during the 1st quarter, increasing its holdings by 418.5% to a total of 45,611 shares, valued at approximately $3.7 million.
• Exponent reported earnings of $0.52 per share for the latest quarter, exceeding analyst expectations, and its revenue grew 7.3% year-over-year to $132.87 million.
• The company declared a quarterly dividend of $0.30 per share, representing an annualized dividend of $1.20 with a yield of 1.7%, set to be paid on September 19th.

Dark Forest Capital Management LP raised its position in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 418.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,611 shares of the business services provider's stock after acquiring an additional 36,815 shares during the quarter. Dark Forest Capital Management LP owned approximately 0.09% of Exponent worth $3,697,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, CEO Catherine Corrigan sold 4,896 shares of the business's stock in a transaction on 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 transaction, the chief executive officer owned 81,342 shares in the company, valued at $5,782,602.78. The trade was a 5.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Joseph Sala sold 1,595 shares of the business'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. 1.60% of the stock is owned by insiders.

Exponent Stock Down 1.2%

EXPO traded down $0.87 during trading hours on Monday, reaching $70.56. 79,641 shares of the company's stock traded hands, compared to its average volume of 328,017. The firm has a 50-day moving average price of $72.27 and a 200 day moving average price of $76.68. Exponent, Inc. has a 52-week low of $63.81 and a 52-week high of $115.75. The firm has a market capitalization of $3.56 billion, a PE ratio of 35.28 and a beta of 0.94.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The company had revenue of $132.87 million during the quarter, compared to analysts' expectations of $130.82 million. During the same quarter in the previous year, the business earned $0.57 EPS. Exponent's revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be issued a dividend of $0.30 per share. The ex-dividend date 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 presently 60.00%.

Exponent 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.