Laurus Global Equity Management Inc. Has $1 Million Position in Exponent, Inc. (NASDAQ:EXPO)

Laurus Global Equity Management Inc. lowered its stake in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 57.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,355 shares of the business services provider's stock after selling 16,360 shares during the period. Laurus Global Equity Management Inc.'s holdings in Exponent were worth $1,001,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in Exponent by 103.3% during the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock worth $55,000 after purchasing an additional 346 shares during the period. SG Americas Securities LLC purchased a new position in Exponent during the first quarter worth approximately $665,000. Fifth Third Bancorp raised its stake in Exponent by 14.4% during the first quarter. Fifth Third Bancorp now owns 6,835 shares of the business services provider's stock worth $554,000 after purchasing an additional 858 shares during the period. Farther Finance Advisors LLC raised its stake in Exponent by 29.9% during the first quarter. Farther Finance Advisors LLC now owns 3,274 shares of the business services provider's stock worth $265,000 after purchasing an additional 753 shares during the period. Finally, UMB Bank n.a. raised its stake in Exponent by 859.1% during the first quarter. UMB Bank n.a. now owns 633 shares of the business services provider's stock worth $51,000 after purchasing an additional 567 shares during the period. Hedge funds and other institutional investors own 92.37% of the company's stock.

Exponent Price Performance

NASDAQ:EXPO traded down $1.66 during trading hours on Friday, reaching $74.32. 278,787 shares of the company were exchanged, compared to its average volume of 262,980. The stock has a 50 day simple moving average of $76.52 and a 200 day simple moving average of $82.13. Exponent, Inc. has a 52-week low of $72.43 and a 52-week high of $115.75. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 36.25 and a beta of 0.90.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. Exponent had a net margin of 18.87% and a return on equity of 25.33%. The business had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. During the same quarter last year, the firm posted $0.59 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts predict that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, June 6th. Exponent's dividend payout ratio (DPR) is presently 58.54%.

Insider Activity

In related news, VP Joseph Rakow sold 1,573 shares of the company's stock in a transaction that occurred on 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 the SEC website. Also, VP Bradley A. James sold 2,694 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $79.52, for a total transaction of $214,226.88. The disclosure for this sale can be found here. In the last three months, insiders sold 6,267 shares of company stock valued at $489,120. Company insiders own 1.60% of the company's stock.

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.