Charles River Associates (NASDAQ:CRAI) EVP Sells $332,370.00 in Stock

Charles River Associates (NASDAQ:CRAI) EVP Jonathan Yellin sold 2,250 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $147.72, for a total transaction of $332,370.00. Following the transaction, the executive vice president owned 13,247 shares in the company, valued at $1,956,846.84. The trade was a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles River Associates Trading Up 0.6%

CRAI opened at $148.23 on Friday. The firm has a market capitalization of $957.57 million, a PE ratio of 20.59, a PEG ratio of 1.09 and a beta of 0.75. Charles River Associates has a twelve month low of $132.17 and a twelve month high of $227.29. The firm’s 50-day moving average price is $154.89 and its 200 day moving average price is $176.81.

Charles River Associates (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.03). The business had revenue of $200.98 million for the quarter, compared to analyst estimates of $193.81 million. Charles River Associates had a return on equity of 26.02% and a net margin of 6.22%. As a group, analysts predict that Charles River Associates will post 8.48 earnings per share for the current fiscal year.

Charles River Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Tuesday, May 26th will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, May 26th. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. Charles River Associates’s payout ratio is presently 31.67%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CRAI. Barrington Research restated an “outperform” rating and set a $245.00 price target on shares of Charles River Associates in a research report on Monday, March 2nd. Weiss Ratings lowered shares of Charles River Associates from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $245.00.

Hedge Funds Weigh In On Charles River Associates

A number of institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in Charles River Associates by 47.4% during the first quarter. California State Teachers Retirement System now owns 9,187 shares of the business services provider’s stock worth $1,487,000 after purchasing an additional 2,953 shares during the period. SG Americas Securities LLC raised its stake in Charles River Associates by 86.6% during the first quarter. SG Americas Securities LLC now owns 105,339 shares of the business services provider’s stock worth $17,052,000 after purchasing an additional 48,892 shares during the period. Russell Investments Group Ltd. raised its stake 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 purchasing an additional 318 shares during the period. Kennedy Capital Management LLC raised its stake in shares of Charles River Associates by 1.2% in the 4th quarter. Kennedy Capital Management LLC now owns 6,489 shares of the business services provider’s stock valued at $1,302,000 after acquiring an additional 79 shares during the period. Finally, Entropy Technologies LP purchased a new stake in shares of Charles River Associates in the 4th quarter valued at approximately $401,000. 84.13% of the stock is owned by hedge funds and other institutional investors.

Charles River Associates Company Profile

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.