Anchor Investment Management LLC Purchases New Shares in Exponent, Inc. (NASDAQ:EXPO)

Anchor Investment Management LLC acquired a new position in shares of Exponent, Inc. (NASDAQ:EXPO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 555 shares of the business services provider’s stock, valued at approximately $64,000.

A number of other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in Exponent in the 2nd quarter worth about $25,000. Westside Investment Management Inc. purchased a new stake in shares of Exponent in the third quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Exponent by 166.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock worth $49,000 after purchasing an additional 323 shares during the period. USA Financial Formulas purchased a new position in Exponent during the third quarter valued at approximately $60,000. Finally, GAMMA Investing LLC grew its position in Exponent by 64.6% during the third quarter. GAMMA Investing LLC now owns 624 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 245 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Exponent

In other news, Director Paul R. Johnston sold 14,000 shares of Exponent stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $104.60, for a total transaction of $1,464,400.00. Following the completion of the sale, the director now directly owns 80,742 shares in the company, valued at $8,445,613.20. The trade was a 14.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carol Lindstrom sold 1,039 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $96.32, for a total value of $100,076.48. Following the completion of the transaction, the director now owns 5,871 shares in the company, valued at $565,494.72. This represents a 15.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,339 shares of company stock valued at $3,103,065. Insiders own 2.10% of the company’s stock.

Exponent Stock Down 1.7 %

EXPO stock opened at $93.16 on Friday. The company has a 50 day moving average of $101.86 and a two-hundred day moving average of $102.32. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 45.00 and a beta of 0.70. Exponent, Inc. has a 12-month low of $68.70 and a 12-month high of $115.75.

Exponent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 1.20%. Exponent’s dividend payout ratio is 54.11%.

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.