Versor Investments LP Buys 2,000 Shares of Exponent, Inc. (NASDAQ:EXPO)

Versor Investments LP raised its stake in Exponent, Inc. (NASDAQ:EXPO) by 51.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,900 shares of the business services provider’s stock after acquiring an additional 2,000 shares during the period. Versor Investments LP’s holdings in Exponent were worth $526,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EXPO. Westside Investment Management Inc. purchased a new position in shares of Exponent during the third quarter valued at about $26,000. Trust Co. of Vermont purchased a new position in Exponent during the 4th quarter valued at approximately $45,000. Anchor Investment Management LLC bought a new stake in Exponent in the 3rd quarter worth approximately $64,000. Quarry LP raised its holdings in shares of Exponent by 127.9% during the 3rd quarter. Quarry LP now owns 604 shares of the business services provider’s stock worth $70,000 after acquiring an additional 339 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in shares of Exponent by 14.9% during the 4th quarter. Mather Group LLC. now owns 1,512 shares of the business services provider’s stock worth $135,000 after acquiring an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Exponent Stock Performance

EXPO stock opened at $84.66 on Friday. The firm has a fifty day moving average price of $89.78 and a 200 day moving average price of $98.93. Exponent, Inc. has a fifty-two week low of $77.21 and a fifty-two week high of $115.75. The firm has a market cap of $4.30 billion, a PE ratio of 39.93 and a beta of 0.71.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Exponent had a net margin of 19.52% and a return on equity of 27.27%. During the same period in the previous year, the company posted $0.41 earnings per share. On average, equities analysts predict that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.30 per share. This is a boost from Exponent’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, March 7th. Exponent’s payout ratio is presently 56.60%.

Insider Buying and Selling at Exponent

In related news, VP Richard Reiss sold 1,736 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the completion of the sale, the vice president now directly owns 1,800 shares in the company, valued at $154,674. This trade represents a 49.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.10% 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.