Jump Financial LLC Invests $1.07 Million in Exponent, Inc. $EXPO

Key Points

• Jump Financial LLC has acquired a new position in Exponent, Inc., purchasing 13,188 shares valued at approximately $1,069,000.
• Exponent has seen significant investment interest, with several institutional investors increasing their stakes by substantial percentages during the 1st quarter of the year.
• The company recently declared a quarterly dividend of $0.30 per share, equating to an annualized yield of 1.7%, scheduled for payment on September 19th.

Jump Financial LLC bought a new stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,188 shares of the business services provider's stock, valued at approximately $1,069,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in Exponent by 2.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 441,646 shares of the business services provider's stock worth $35,800,000 after acquiring an additional 8,501 shares in the last quarter. Entropy Technologies LP purchased a new stake in Exponent in the 1st quarter worth approximately $547,000. Bessemer Group Inc. increased its holdings in Exponent by 103.3% in the 1st quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock worth $55,000 after acquiring an additional 346 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Exponent in the 1st quarter worth approximately $665,000. Finally, Fifth Third Bancorp increased its holdings in Exponent by 14.4% in the 1st quarter. Fifth Third Bancorp now owns 6,835 shares of the business services provider's stock worth $554,000 after acquiring an additional 858 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Exponent Stock Up 1.6%

NASDAQ:EXPO traded up $1.13 on Thursday, reaching $72.98. 393,666 shares of the company's stock traded hands, compared to its average volume of 439,559. The stock has a 50-day simple moving average of $72.32 and a 200-day simple moving average of $76.93. Exponent, Inc. has a 12 month low of $63.81 and a 12 month high of $115.75. The firm has a market cap of $3.69 billion, a PE ratio of 36.49 and a beta of 0.94.

Exponent (NASDAQ:EXPO - Get Free Report) last released its 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. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The firm had revenue of $132.87 million during the quarter, compared to analysts' expectations of $130.82 million. During the same quarter last year, the business posted $0.57 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. On average, equities analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors 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 annualized dividend and a dividend yield of 1.6%. Exponent's dividend payout ratio (DPR) is currently 60.00%.

Insider Activity

In related news, VP Joseph Sala sold 1,595 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total transaction of $112,670.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Catherine Corrigan sold 4,896 shares of the 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 sale, the chief executive officer owned 81,342 shares of the company's stock, valued at $5,782,602.78. This represents a 5.68% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

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.