GSA Capital Partners LLP Trims Stake in Exponent, Inc. (EXPO)

GSA Capital Partners LLP decreased its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 43.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,010 shares of the business services provider’s stock after selling 2,277 shares during the period. GSA Capital Partners LLP’s holdings in Exponent were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of EXPO. Pinebridge Investments L.P. lifted its stake in Exponent by 2.1% during the second quarter. Pinebridge Investments L.P. now owns 3,409 shares of the business services provider’s stock valued at $199,000 after buying an additional 70 shares in the last quarter. Amalgamated Bank lifted its stake in Exponent by 5.1% during the second quarter. Amalgamated Bank now owns 3,553 shares of the business services provider’s stock valued at $207,000 after buying an additional 171 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Exponent by 0.4% during the second quarter. Public Employees Retirement System of Ohio now owns 63,306 shares of the business services provider’s stock valued at $3,691,000 after buying an additional 256 shares in the last quarter. Profund Advisors LLC lifted its stake in Exponent by 6.0% during the second quarter. Profund Advisors LLC now owns 4,800 shares of the business services provider’s stock valued at $280,000 after buying an additional 272 shares in the last quarter. Finally, Advisor Group Inc. lifted its stake in Exponent by 15.4% during the second quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock valued at $124,000 after buying an additional 284 shares in the last quarter. Institutional investors own 88.58% of the company’s stock.

Shares of Exponent, Inc. (NASDAQ:EXPO) opened at $71.80 on Friday. Exponent, Inc. has a 52 week low of $55.75 and a 52 week high of $77.15. The company has a market cap of $1,863.54, a PE ratio of 39.45 and a beta of 0.57.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Wednesday, October 18th. The business services provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. The company had revenue of $87.60 million during the quarter, compared to analyst estimates of $79.69 million. Exponent had a net margin of 16.46% and a return on equity of 17.21%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 earnings per share. sell-side analysts predict that Exponent, Inc. will post 2.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Thursday, November 30th. Exponent’s dividend payout ratio (DPR) is 40.98%.

A number of analysts have commented on EXPO shares. BidaskClub raised shares of Exponent from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Cantor Fitzgerald upped their price objective on shares of Exponent to $82.00 and gave the company an “overweight” rating in a research note on Thursday, October 19th. Zacks Investment Research raised shares of Exponent from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Friday, October 20th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $77.00 price objective on shares of Exponent in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Exponent currently has a consensus rating of “Hold” and an average price target of $80.00.

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Exponent Company Profile

Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.

Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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