Conestoga Capital Advisors Updates EXPO Stake as of Dec 31, 2023
Ticker: EXPO · Form: SC 13G/A · Filed: Jan 5, 2024 · CIK: 851520
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: EXPO
TL;DR
**Conestoga Capital Advisors updated their EXPO holdings, showing continued institutional interest.**
AI Summary
Conestoga Capital Advisors, LLC, an investment adviser based in Wayne, PA, filed an amended Schedule 13G/A on January 5, 2024, indicating their beneficial ownership of Exponent, Inc. (EXPO) common stock as of December 31, 2023. This amendment, filed under Rule 13d-1(b), updates their previous disclosure regarding their holdings in the management consulting services company. This matters to investors because it provides transparency into significant institutional ownership, which can signal confidence in the stock's long-term prospects.
Why It Matters
This filing shows that a major institutional investor, Conestoga Capital Advisors, LLC, continues to hold a significant position in Exponent, Inc., which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive ownership filing, indicating no immediate change in company control or strategy.
Analyst Insight
Investors should note the continued institutional ownership by Conestoga Capital Advisors, LLC, but this filing itself doesn't suggest any immediate buying or selling action, as it's a passive update.
Key Players & Entities
- Conestoga Capital Advisors, LLC (company) — the reporting person and investment adviser
- Exponent, Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 5, 2024 (date) — the filing date of the SC 13G/A
- Delaware (company) — state of organization for Conestoga Capital Advisors, LLC
Forward-Looking Statements
- Conestoga Capital Advisors, LLC will maintain a significant, passive stake in Exponent, Inc. for the foreseeable future. (Conestoga Capital Advisors, LLC) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is Conestoga Capital Advisors, LLC, with an IRS Identification No. of 23-3072906 and organized in Delaware.
What is the subject company of this filing?
The subject company is Exponent, Inc., identified by CIK 0000851520 and CUSIP 30214U102, with its business address in Menlo Park, CA.
What was the 'Date of Event which Requires Filing of this Statement'?
The 'Date of Event which Requires Filing of this Statement' was December 31, 2023.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
Filing Stats: 934 words · 4 min read · ~3 pages · Grade level 8.3 · Accepted 2024-01-05 09:34:22
Key Financial Figures
- $0.01 — , Inc. (Name of Issuer) Common Stock, $0.01 Par Value (Title of Class of Securitie
Filing Documents
- expoa1_10524.htm (SC 13G/A) — 25KB
- 0001085146-24-000030.txt ( ) — 27KB
(a)
ITEM 1(a). NAME OF ISSUER: Exponent, Inc.
(b)
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 149 Commonwealth Drive Menlo Park, CA 94025
(a)
ITEM 2(a). NAME OF PERSON FILING: Conestoga Capital Advisors, LLC
(b)
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 550 E. Swedesford Rd. Suite 120 Wayne, Pa 19087
(c)
ITEM 2(c). CITIZENSHIP: Delaware
(d)
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $0.01 Par Value
(e)
ITEM 2(e). CUSIP NUMBER: 30214U102 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 2,596,177 (b) Percent of class: 5.13% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Conestoga Capital Advisors, LLC : 2,451,301 (ii) shared power to vote or to direct the vote: Conestoga Capital Advisors, LLC : 0 (iii) sole power to dispose or direct the disposition of: Conestoga Capital Advisors, LLC : 2,596,177 (iv) shared power to dispose or to direct the disposition of: Conestoga Capital Advisors, LLC : 0 ITEM 5. If this statement is being filed to report the fact t