Amalgamated Bank Decreases Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

Amalgamated Bank lessened its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 2.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 22,659 shares of the business services provider’s stock after selling 580 shares during the period. Amalgamated Bank’s holdings in Exponent were worth $1,837,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Exponent during the 1st quarter valued at $665,000. Bessemer Group Inc. raised its holdings in Exponent by 103.3% during the 1st quarter. Bessemer Group Inc. now owns 681 shares of the business services provider’s stock valued at $55,000 after buying an additional 346 shares during the period. Fifth Third Bancorp raised its holdings in Exponent by 14.4% during the 1st quarter. Fifth Third Bancorp now owns 6,835 shares of the business services provider’s stock valued at $554,000 after buying an additional 858 shares during the period. Farther Finance Advisors LLC raised its holdings in Exponent by 29.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,274 shares of the business services provider’s stock valued at $265,000 after buying an additional 753 shares during the period. Finally, UMB Bank n.a. raised its holdings in Exponent by 859.1% during the 1st quarter. UMB Bank n.a. now owns 633 shares of the business services provider’s stock valued at $51,000 after buying an additional 567 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling at Exponent

In other Exponent news, VP Joseph Rakow sold 1,573 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was 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 SEC, which is available at the SEC website. Also, VP John Pye sold 2,000 shares of the company’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $76.32, for a total value of $152,640.00. Following the completion of the transaction, the vice president directly owned 29,204 shares in the company, valued at $2,228,849.28. This trade represents a 6.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,267 shares of company stock valued at $489,120 in the last quarter. 1.60% of the stock is owned by insiders.

Exponent Stock Performance

NASDAQ:EXPO opened at $77.32 on Monday. The stock’s fifty day moving average is $76.80 and its 200 day moving average is $82.54. Exponent, Inc. has a fifty-two week low of $72.43 and a fifty-two week high of $115.75. The firm has a market capitalization of $3.92 billion, a PE ratio of 37.71 and a beta of 0.90.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $137.44 million for the quarter, compared to analyst estimates of $134.63 million. Exponent had a return on equity of 25.33% and a net margin of 18.87%. Exponent’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. Equities analysts forecast that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.55%. The ex-dividend date was Friday, June 6th. Exponent’s dividend payout ratio (DPR) is presently 58.54%.

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.