27,840 Shares in Exponent, Inc. (EXPO) Purchased by Crestline Management LP
Crestline Management LP acquired a new position in Exponent, Inc. (NASDAQ:EXPO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,840 shares of the business services provider’s stock, valued at approximately $1,979,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in shares of Exponent by 5.6% in the 3rd quarter. Nordea Investment Management AB now owns 32,461 shares of the business services provider’s stock worth $2,399,000 after acquiring an additional 1,712 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of Exponent in the 4th quarter worth approximately $670,000. Comerica Bank lifted its holdings in shares of Exponent by 17.5% in the 4th quarter. Comerica Bank now owns 41,815 shares of the business services provider’s stock worth $3,042,000 after acquiring an additional 6,213 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Exponent by 4.4% in the 3rd quarter. Legal & General Group Plc now owns 52,812 shares of the business services provider’s stock worth $3,903,000 after acquiring an additional 2,225 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Exponent by 55.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 13,614 shares of the business services provider’s stock valued at $1,006,000 after buying an additional 4,883 shares during the last quarter. Hedge funds and other institutional investors own 88.91% of the company’s stock.
Exponent, Inc. (EXPO) traded up $0.35 during trading hours on Wednesday, reaching $79.10. 1,972 shares of the company were exchanged, compared to its average volume of 86,906. Exponent, Inc. has a 52 week low of $56.95 and a 52 week high of $80.95. The company has a market cap of $2,043.49, a price-to-earnings ratio of 51.81 and a beta of 0.65.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be issued a dividend of $0.26 per share. This is a positive change from Exponent’s previous quarterly dividend of $0.21. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, March 1st. Exponent’s dividend payout ratio is currently 68.42%.
A number of research firms recently commented on EXPO. BidaskClub upgraded shares of Exponent from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Tuesday, February 27th. Finally, SunTrust Banks upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Friday, January 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Exponent presently has an average rating of “Buy” and an average price target of $84.67.
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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.
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