Headlands Technologies LLC Invests $1.08 Million in Exponent, Inc. (NASDAQ:EXPO)

Key Points

• Headlands Technologies LLC made a new investment of approximately $1.08 million in Exponent, Inc., acquiring 13,377 shares during the first quarter.
• Exponent reported earnings of $0.52 per share for the last quarter, exceeding analysts' estimates, along with a revenue of $132.87 million.
• The company announced a quarterly dividend of $0.30 per share, resulting in an annualized dividend yield of 1.7% for shareholders.

Headlands Technologies LLC acquired a new stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,377 shares of the business services provider's stock, valued at approximately $1,084,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in shares of Exponent by 2.0% in the first quarter. Envestnet Asset Management Inc. now owns 441,646 shares of the business services provider's stock valued at $35,800,000 after purchasing an additional 8,501 shares during the period. Bessemer Group Inc. lifted its stake in shares of 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 period. SG Americas Securities LLC acquired a new stake in shares of Exponent in the first quarter valued at about $665,000. Fifth Third Bancorp lifted its stake in shares of Exponent by 14.4% in the first quarter. Fifth Third Bancorp now owns 6,835 shares of the business services provider's stock valued at $554,000 after purchasing an additional 858 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Exponent by 29.9% in the first quarter. Farther Finance Advisors LLC now owns 3,274 shares of the business services provider's stock valued at $265,000 after purchasing an additional 753 shares during the period. Institutional investors and hedge funds own 92.37% of the company's stock.

Insiders Place Their Bets

In other Exponent news, VP John Pye sold 2,000 shares of Exponent stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $76.32, for a total transaction of $152,640.00. Following the completion of the transaction, the vice president owned 29,204 shares in the company, valued at approximately $2,228,849.28. The trade was a 6.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Joseph Rakow sold 1,573 shares of Exponent stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $77.72, for a total transaction of $122,253.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,267 shares of company stock worth $489,120. Insiders own 1.60% of the company's stock.

Exponent Stock Performance

NASDAQ EXPO traded up $0.72 during trading hours on Tuesday, reaching $70.45. The company's stock had a trading volume of 71,357 shares, compared to its average volume of 308,878. The stock has a market cap of $3.58 billion, a PE ratio of 35.23 and a beta of 0.89. Exponent, Inc. has a fifty-two week low of $63.81 and a fifty-two week high of $115.75. The company's 50-day moving average is $74.00 and its two-hundred day moving average is $79.24.

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

Exponent Announces Dividend

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 given 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 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.