Park Place Capital Corp Has $49,000 Position in Exponent, Inc. (NASDAQ:EXPO)

Park Place Capital Corp reduced its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 19.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 610 shares of the business services provider’s stock after selling 145 shares during the quarter. Park Place Capital Corp’s holdings in Exponent were worth $49,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Atala Financial Inc acquired a new position in shares of Exponent during the fourth quarter worth about $25,000. Private Trust Co. NA boosted its position in shares of Exponent by 129.8% during the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock worth $25,000 after buying an additional 157 shares during the period. Whipplewood Advisors LLC boosted its position in shares of Exponent by 5,333.3% during the first quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider’s stock worth $26,000 after buying an additional 320 shares during the period. Tortoise Investment Management LLC boosted its position in shares of Exponent by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider’s stock worth $39,000 after buying an additional 191 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Exponent during the fourth quarter worth about $50,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exponent

In other news, VP John Pye sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $76.32, for a total value of $152,640.00. Following the completion of the sale, the vice president now directly owns 29,204 shares of the company’s stock, valued at $2,228,849.28. This trade represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Joseph Rakow sold 1,573 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total value of $122,253.56. The disclosure for this sale can be found here. Insiders sold a total of 6,267 shares of company stock worth $489,120 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Exponent Price Performance

EXPO stock opened at $74.16 on Friday. The stock has a market capitalization of $3.76 billion, a P/E ratio of 36.18 and a beta of 0.92. The business has a 50-day moving average of $77.05 and a 200-day moving average of $83.25. Exponent, Inc. has a fifty-two week low of $72.43 and a fifty-two week high of $115.75.

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

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a $0.30 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.62%. Exponent’s dividend payout ratio is 58.54%.

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.