GAMMA Investing LLC Grows Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

GAMMA Investing LLC grew its holdings in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 8,065.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,072 shares of the business services provider's stock after acquiring an additional 32,667 shares during the period. GAMMA Investing LLC owned about 0.07% of Exponent worth $2,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Private Trust Co. NA grew its stake in shares of Exponent by 129.8% during the 4th quarter. Private Trust Co. NA now owns 278 shares of the business services provider's stock valued at $25,000 after acquiring an additional 157 shares during the period. Atala Financial Inc purchased a new position in Exponent during the fourth quarter valued at approximately $25,000. Tortoise Investment Management LLC boosted its position in shares of Exponent by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider's stock worth $39,000 after purchasing an additional 191 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of Exponent in the fourth quarter worth $50,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Exponent during the 4th quarter valued at $59,000. Institutional investors own 92.37% of the company's stock.

Insider Buying and Selling

In other Exponent news, VP Joseph Rakow sold 1,573 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total value of $122,253.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Pye sold 2,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $76.32, for a total value of $152,640.00. Following the transaction, the vice president now owns 29,204 shares of the company's stock, valued at approximately $2,228,849.28. The trade was a 6.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,267 shares of company stock worth $489,120. Corporate insiders own 2.10% of the company's stock.

Exponent Price Performance

Shares of NASDAQ EXPO traded down $0.53 during mid-day trading on Friday, reaching $75.10. The company's stock had a trading volume of 386,007 shares, compared to its average volume of 252,158. Exponent, Inc. has a 52 week low of $73.37 and a 52 week high of $115.75. The stock has a fifty day moving average of $77.93 and a two-hundred day moving average of $84.73. The firm has a market capitalization of $3.81 billion, a PE ratio of 35.42 and a beta of 0.92.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The firm had revenue of $137.44 million during the quarter, compared to analyst estimates of $134.63 million. During the same quarter last year, the business posted $0.59 earnings per share. The business's quarterly revenue was up .2% compared to the same quarter last year. Analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.20 annualized dividend and a yield of 1.60%. Exponent's dividend payout ratio (DPR) is currently 58.54%.

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.