Gallacher Capital Management LLC Invests $654,000 in Exponent, Inc. $EXPO

Key Points

• Gallacher Capital Management LLC has invested $654,000 in Exponent, Inc., acquiring 8,756 shares, according to their recent 13F filing.
• Exponent recently reported its quarterly earnings, achieving an EPS of $0.52, which surpassed analyst expectations of $0.48.
• The company has announced a quarterly dividend of $0.30, scheduled for payment on September 19th, with an annualized yield of 1.7%.

Gallacher Capital Management LLC bought a new position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,756 shares of the business services provider's stock, valued at approximately $654,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXPO. Brooklyn Investment Group raised its position in shares of Exponent by 10,200.0% during the first quarter. Brooklyn Investment Group now owns 309 shares of the business services provider's stock worth $25,000 after acquiring an additional 306 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in 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 purchasing an additional 320 shares during the last quarter. UMB Bank n.a. increased its holdings in Exponent by 859.1% in the first quarter. UMB Bank n.a. now owns 633 shares of the business services provider's stock valued at $51,000 after purchasing an additional 567 shares during the last quarter. Bessemer Group Inc. increased its holdings in Exponent by 103.3% in the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock valued at $55,000 after purchasing an additional 346 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in Exponent in the first quarter valued at about $80,000. 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 the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $71.09, for a total value of $348,056.64. Following the completion of the transaction, the chief executive officer directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph Sala sold 1,595 shares of the business's stock in a transaction dated 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 currently owned by insiders.

Exponent Trading Down 1.3%

NASDAQ EXPO opened at $70.05 on Monday. The stock has a 50-day simple moving average of $71.62 and a 200 day simple moving average of $76.15. The company has a market capitalization of $3.54 billion, a PE ratio of 35.03 and a beta of 0.94. Exponent, Inc. has a 12 month low of $63.81 and a 12 month high of $115.75.

Exponent (NASDAQ:EXPO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. The business had revenue of $132.87 million during 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%.The firm's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share. As a group, sell-side analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders 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 payout ratio is presently 60.00%.

About Exponent

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.

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