Orion Portfolio Solutions LLC Decreases Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

Orion Portfolio Solutions LLC reduced its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,457 shares of the business services provider’s stock after selling 798 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Exponent were worth $1,321,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Inspire Advisors LLC lifted its stake in shares of Exponent by 1.3% during the 2nd quarter. Inspire Advisors LLC now owns 7,615 shares of the business services provider’s stock worth $724,000 after purchasing an additional 98 shares during the last quarter. Caprock Group LLC lifted its stake in shares of Exponent by 4.2% during the 2nd quarter. Caprock Group LLC now owns 3,296 shares of the business services provider’s stock worth $314,000 after purchasing an additional 134 shares during the last quarter. Raymond James Trust N.A. lifted its stake in shares of Exponent by 2.8% during the 2nd quarter. Raymond James Trust N.A. now owns 6,230 shares of the business services provider’s stock worth $593,000 after purchasing an additional 172 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Exponent by 11.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,008 shares of the business services provider’s stock worth $191,000 after purchasing an additional 199 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC raised its stake in Exponent by 3.7% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 5,961 shares of the business services provider’s stock valued at $687,000 after buying an additional 214 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exponent

In other news, Director Carol Lindstrom sold 1,039 shares of the firm’s stock in a transaction dated 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 directly owns 5,871 shares in the company, valued at $565,494.72. This trade represents a 15.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul R. Johnston sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $104.60, for a total value of $1,464,400.00. Following the completion of the transaction, the director now owns 80,742 shares of the company’s stock, valued at approximately $8,445,613.20. The trade was a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,339 shares of company stock worth $3,103,065. 2.10% of the stock is owned by insiders.

Exponent Stock Performance

Exponent stock opened at $93.16 on Friday. The stock has a 50-day moving average of $101.86 and a two-hundred day moving average of $102.32. Exponent, Inc. has a one year low of $68.70 and a one year high of $115.75. The stock has a market cap of $4.73 billion, a PE ratio of 45.00 and a beta of 0.70.

Exponent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, December 6th. Exponent’s dividend payout ratio (DPR) is presently 54.11%.

Exponent Company 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.