Westside Investment Management Inc. Makes New Investment in Exponent, Inc. (NASDAQ:EXPO)

Westside Investment Management Inc. bought a new stake in shares of Exponent, Inc. (NASDAQ:EXPO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 227 shares of the business services provider’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP bought a new stake in Exponent during the 2nd quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Exponent by 166.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 323 shares during the period. USA Financial Formulas bought a new stake in shares of Exponent during the third quarter valued at approximately $60,000. GAMMA Investing LLC grew its stake in Exponent by 64.6% in the third quarter. GAMMA Investing LLC now owns 624 shares of the business services provider’s stock worth $72,000 after purchasing an additional 245 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Exponent by 70.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider’s stock worth $83,000 after purchasing an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Exponent Trading Down 0.7 %

Shares of EXPO stock opened at $94.74 on Friday. The company’s fifty day moving average price is $102.29 and its 200-day moving average price is $102.29. The stock has a market cap of $4.81 billion, a PE ratio of 45.77 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, December 6th. Exponent’s payout ratio is currently 54.11%.

Insiders Place Their Bets

In other news, Director Carol Lindstrom sold 1,039 shares of the stock in a transaction 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 sale, the director now directly owns 5,871 shares of the company’s stock, valued at approximately $565,494.72. This represents a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul R. Johnston sold 7,000 shares of Exponent stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $103.83, for a total value of $726,810.00. Following the completion of the transaction, the director now directly owns 80,742 shares of the company’s stock, valued at approximately $8,383,441.86. This represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,339 shares of company stock worth $3,103,065. 2.10% of the stock is currently owned by company insiders.

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.