Insider Selling: CRA International, Inc. (NASDAQ:CRAI) CEO Sells 7,500 Shares of Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 7,500 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $176.28, for a total value of $1,322,100.00. Following the transaction, the chief executive officer now directly owns 142,022 shares in the company, valued at $25,035,638.16. This represents a 5.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CRA International Price Performance

CRAI traded up $3.38 during trading on Wednesday, reaching $184.00. 78,415 shares of the stock were exchanged, compared to its average volume of 37,204. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 1.75 and a beta of 1.09. CRA International, Inc. has a 1 year low of $133.54 and a 1 year high of $214.01. The business’s 50 day moving average price is $187.68 and its two-hundred day moving average price is $184.67.

CRA International (NASDAQ:CRAI) last announced its quarterly 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 company had revenue of $176.44 million for the quarter, compared to the consensus estimate of $166.29 million. On average, analysts anticipate that CRA International, Inc. will post 7.52 EPS for the current year.

CRA International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.07%. The ex-dividend date is Tuesday, March 4th. CRA International’s payout ratio is 29.08%.

Hedge Funds Weigh In On CRA International

A number of institutional investors have recently made changes to their positions in CRAI. Eagle Asset Management Inc. increased its position in CRA International by 178.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 148,221 shares of the business services provider’s stock worth $25,986,000 after purchasing an additional 95,050 shares in the last quarter. United Capital Financial Advisors LLC acquired a new position in shares of CRA International in the fourth quarter valued at approximately $9,389,000. Lord Abbett & CO. LLC lifted its stake in shares of CRA International by 41.9% during the third quarter. Lord Abbett & CO. LLC now owns 78,136 shares of the business services provider’s stock valued at $13,699,000 after buying an additional 23,078 shares during the period. Foundry Partners LLC boosted its position in CRA International by 56.0% during the fourth quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider’s stock worth $5,450,000 after acquiring an additional 10,455 shares during the last quarter. Finally, Summit Global Investments purchased a new stake in CRA International in the 4th quarter worth approximately $656,000. 84.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barrington Research raised their price objective on shares of CRA International from $212.00 to $224.00 and gave the company an “outperform” rating in a research note on Monday, February 24th.

About CRA International

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.