CRA International, Inc. (NASDAQ:CRAI) CEO Sells $398,740.00 in Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $199.37, for a total transaction of $398,740.00. Following the sale, the chief executive officer now directly owns 153,806 shares in the company, valued at $30,664,302.22. The trade was a 1.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CRA International Stock Performance

CRA International stock traded down $0.95 during trading on Wednesday, reaching $194.59. The company had a trading volume of 62,934 shares, compared to its average volume of 36,012. The firm has a market capitalization of $1.32 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. The firm’s 50-day simple moving average is $187.60 and its 200 day simple moving average is $182.71. CRA International, Inc. has a 1-year low of $114.00 and a 1-year high of $214.01.

CRA International (NASDAQ:CRAI) last announced its earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.44. CRA International had a net margin of 6.79% and a return on equity of 25.95%. The business had revenue of $176.44 million for the quarter, compared to analyst estimates of $166.29 million. Analysts anticipate that CRA International, Inc. will post 7.52 EPS for the current year.

CRA International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.49 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.96 annualized dividend and a yield of 1.01%. CRA International’s dividend payout ratio (DPR) is currently 29.08%.

Wall Street Analyst Weigh In

Several analysts recently commented on CRAI shares. Barrington Research raised their price target on shares of CRA International from $212.00 to $224.00 and gave the company an “outperform” rating in a research report on Monday. StockNews.com cut CRA International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st.

Hedge Funds Weigh In On CRA International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its position in shares of CRA International by 2.9% during the third quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock worth $543,000 after purchasing an additional 86 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in CRA International by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock worth $640,000 after purchasing an additional 108 shares during the last quarter. Foundry Partners LLC grew its holdings in shares of CRA International by 1.0% during the third quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock worth $3,271,000 after buying an additional 180 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of CRA International by 6.7% in the fourth quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider’s stock valued at $745,000 after buying an additional 250 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of CRA International in the third quarter worth about $164,000. Hedge funds and other institutional investors own 84.13% of the company’s stock.

CRA International Company Profile

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.