Jane Street Group LLC Lowers Position in Exponent, Inc. (NASDAQ:EXPO)

Jane Street Group LLC cut its stake in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 48.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,955 shares of the business services provider's stock after selling 39,897 shares during the quarter. Jane Street Group LLC owned 0.08% of Exponent worth $4,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP bought a new position in Exponent during the 2nd quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. increased its position in Exponent by 166.5% during 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 buying an additional 323 shares in the last quarter. USA Financial Formulas bought a new position in Exponent during the 3rd quarter valued at approximately $60,000. GAMMA Investing LLC increased its position in Exponent by 64.6% during the 3rd quarter. GAMMA Investing LLC now owns 624 shares of the business services provider's stock valued at $72,000 after buying an additional 245 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Exponent by 70.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider's stock valued at $83,000 after purchasing an additional 361 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

Exponent Trading Up 0.8 %

EXPO traded up $0.72 during trading on Tuesday, hitting $93.78. 289,195 shares of the company's stock traded hands, compared to its average volume of 242,603. The company's 50 day simple moving average is $101.10 and its two-hundred day simple moving average is $102.37. Exponent, Inc. has a 12-month low of $68.70 and a 12-month high of $115.75. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 45.30 and a beta of 0.70.

Exponent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid 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 yield of 1.19%. Exponent's dividend payout ratio is 54.11%.

Insider Buying and Selling at Exponent

In other news, Director Paul R. Johnston sold 1,300 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $95.03, for a total value of $123,539.00. Following the transaction, the director now directly owns 59,406 shares in the company, valued at $5,645,352.18. This trade represents a 2.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Carol Lindstrom sold 1,039 shares of the firm's 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 completion of the transaction, the director now owns 5,871 shares in the company, valued at approximately $565,494.72. This trade represents a 15.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,339 shares of company stock worth $3,103,065. Insiders own 2.10% of the company's stock.

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.