4,377 Shares in Charles River Associates $CRAI Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of Charles River Associates (NASDAQ:CRAI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,377 shares of the business services provider’s stock, valued at approximately $623,000.

Other large investors also recently bought and sold shares of the company. Kennedy Capital Management LLC increased its position in shares of Charles River Associates by 1.2% in the fourth quarter. Kennedy Capital Management LLC now owns 6,489 shares of the business services provider’s stock valued at $1,302,000 after buying an additional 79 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of Charles River Associates by 3.1% in the 4th quarter. Arkadios Wealth Advisors now owns 4,388 shares of the business services provider’s stock worth $881,000 after buying an additional 134 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Charles River Associates in the 1st quarter worth about $27,000. Russell Investments Group Ltd. grew its stake in Charles River Associates by 8.2% in the 4th quarter. Russell Investments Group Ltd. now owns 4,180 shares of the business services provider’s stock valued at $839,000 after acquiring an additional 318 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake 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 acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Charles River Associates in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.00.

Charles River Associates Stock Performance

Shares of NASDAQ:CRAI opened at $174.38 on Friday. The business’s fifty day moving average price is $162.00 and its two-hundred day moving average price is $159.63. The stock has a market cap of $1.10 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 1.29 and a beta of 0.66. Charles River Associates has a one year low of $132.17 and a one year high of $227.29.

Charles River Associates (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.01. Charles River Associates had a return on equity of 27.31% and a net margin of 6.20%.The company had revenue of $210.81 million during the quarter, compared to the consensus estimate of $198.91 million. As a group, equities research analysts predict that Charles River Associates will post 8.42 earnings per share for the current fiscal year.

Charles River Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, August 25th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, August 25th. Charles River Associates’s dividend payout ratio (DPR) is currently 30.36%.

Charles River Associates 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.