GAMMA Investing LLC Reduces Stake in Exponent, Inc. (NASDAQ:EXPO)

GAMMA Investing LLC lowered its holdings in Exponent, Inc. (NASDAQ:EXPOFree Report) by 35.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 405 shares of the business services provider’s stock after selling 219 shares during the period. GAMMA Investing LLC’s holdings in Exponent were worth $36,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Exponent by 6.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,640,600 shares of the business services provider’s stock valued at $441,414,000 after purchasing an additional 284,179 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Exponent by 1.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,806,517 shares of the business services provider’s stock valued at $323,535,000 after acquiring an additional 43,257 shares during the last quarter. State Street Corp increased its holdings in shares of Exponent by 0.7% in the 3rd quarter. State Street Corp now owns 1,840,313 shares of the business services provider’s stock valued at $212,151,000 after acquiring an additional 13,644 shares during the last quarter. Geneva Capital Management LLC raised its position in shares of Exponent by 1.7% during the 3rd quarter. Geneva Capital Management LLC now owns 1,590,804 shares of the business services provider’s stock worth $183,388,000 after acquiring an additional 27,339 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Exponent by 4.8% during the third quarter. Geode Capital Management LLC now owns 1,505,652 shares of the business services provider’s stock worth $173,597,000 after purchasing an additional 69,099 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling at Exponent

In related news, Director Paul R. Johnston sold 14,000 shares of Exponent stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $104.60, for a total value of $1,464,400.00. Following the transaction, the director now directly owns 80,742 shares in the company, valued at $8,445,613.20. This trade represents a 14.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carol Lindstrom sold 1,039 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $96.32, for a total transaction of $100,076.48. Following the transaction, the director now directly owns 5,871 shares of the company’s stock, valued at $565,494.72. This represents a 15.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,339 shares of company stock worth $3,103,065. 2.10% of the stock is owned by company insiders.

Exponent Trading Up 0.2 %

Shares of Exponent stock opened at $90.67 on Wednesday. The company has a fifty day simple moving average of $94.88 and a 200-day simple moving average of $101.60. Exponent, Inc. has a 12-month low of $68.70 and a 12-month high of $115.75. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 43.80 and a beta of 0.71.

Exponent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 1.24%. Exponent’s dividend payout ratio (DPR) is 54.11%.

Exponent Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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