Jonathan Yellin Sells 2,250 Shares of Charles River Associates (NASDAQ:CRAI) Stock

Charles River Associates (NASDAQ:CRAI) EVP Jonathan Yellin sold 2,250 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $182.27, for a total value of $410,107.50. Following the completion of the sale, the executive vice president owned 14,046 shares in the company, valued at approximately $2,560,164.42. The trade was a 13.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Charles River Associates Trading Down 2.4%

CRAI traded down $4.30 on Monday, hitting $173.17. 109,123 shares of the company were exchanged, compared to its average volume of 149,005. Charles River Associates has a twelve month low of $149.96 and a twelve month high of $227.29. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92. The firm has a 50-day moving average price of $189.27 and a two-hundred day moving average price of $190.88.

Charles River Associates (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, February 26th. The business services provider reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.01. Charles River Associates had a return on equity of 26.15% and a net margin of 7.29%.The company had revenue of $196.96 million for the quarter, compared to analyst estimates of $190.54 million. Equities analysts expect that Charles River Associates will post 7.52 EPS for the current year.

Charles River Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. Charles River Associates’s payout ratio is currently 28.04%.

Institutional Trading of Charles River Associates

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in Charles River Associates by 8.2% during the fourth quarter. Russell Investments Group Ltd. now owns 4,180 shares of the business services provider’s stock worth $839,000 after buying an additional 318 shares during the period. Kennedy Capital Management LLC raised its holdings in Charles River Associates by 1.2% during the fourth quarter. Kennedy Capital Management LLC now owns 6,489 shares of the business services provider’s stock worth $1,302,000 after purchasing an additional 79 shares in the last quarter. Entropy Technologies LP acquired a new stake in Charles River Associates in the fourth quarter valued at about $401,000. Arkadios Wealth Advisors lifted its position in Charles River Associates by 3.1% in the fourth quarter. Arkadios Wealth Advisors now owns 4,388 shares of the business services provider’s stock valued at $881,000 after purchasing an additional 134 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Charles River Associates by 25.0% in the 4th quarter. New York State Common Retirement Fund now owns 7,495 shares of the business services provider’s stock valued at $1,504,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.

Wall Street Analysts Forecast Growth

CRAI has been the topic of a number of recent analyst reports. Barrington Research reissued an “outperform” rating and issued a $245.00 price objective on shares of Charles River Associates in a research report on Monday, March 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Charles River Associates in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Charles River Associates from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $245.00.

About Charles River Associates

Charles River Associates (NASDAQ: CRAI) is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients’ needs.

The firm’s service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.