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

Orion Portfolio Solutions LLC trimmed its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 6.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,457 shares of the business services provider’s stock after selling 798 shares during the period. Orion Portfolio Solutions LLC’s holdings in Exponent were worth $1,321,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Inspire Advisors LLC grew its holdings in Exponent by 1.3% during the second quarter. Inspire Advisors LLC now owns 7,615 shares of the business services provider’s stock worth $724,000 after acquiring an additional 98 shares during the period. Caprock Group LLC grew its holdings in Exponent by 4.2% during the second quarter. Caprock Group LLC now owns 3,296 shares of the business services provider’s stock worth $314,000 after acquiring an additional 134 shares during the period. Raymond James Trust N.A. grew its holdings in Exponent by 2.8% during the second quarter. Raymond James Trust N.A. now owns 6,230 shares of the business services provider’s stock worth $593,000 after acquiring an additional 172 shares during the period. Parkside Financial Bank & Trust grew its holdings in Exponent by 11.0% during the second quarter. Parkside Financial Bank & Trust now owns 2,008 shares of the business services provider’s stock worth $191,000 after acquiring an additional 199 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC grew its holdings in Exponent by 3.7% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 5,961 shares of the business services provider’s stock worth $687,000 after acquiring an additional 214 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Exponent Stock Down 1.7 %

Exponent stock opened at $93.16 on Friday. The firm 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 52 week low of $68.70 and a 52 week high of $115.75. The business’s 50-day moving average price is $101.86 and its 200 day moving average price is $102.32.

Exponent Dividend Announcement

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

Insider Buying and Selling at Exponent

In other Exponent news, Director Carol Lindstrom sold 1,039 shares of the firm’s 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 sale, the director now directly owns 5,871 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul R. Johnston sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $95.03, for a total value of $123,539.00. Following the completion of the sale, the director now directly owns 59,406 shares in the company, valued at approximately $5,645,352.18. The trade was a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,339 shares of company stock valued at $3,103,065. Company insiders own 2.10% of the company’s stock.

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.