32,751 Shares in Charles River Associates $CRAI Acquired by PDT Partners LLC

Key Points

• PDT Partners LLC acquired 32,751 shares of Charles River Associates during the second quarter, worth approximately $4.66 million and representing about 0.52% of the company. Institutional investors collectively own 84.13% of CRAI.
• Charles River Associates exceeded quarterly expectations, reporting $2.16 in EPS versus the $2.15 consensus estimate and revenue of $210.81 million, above estimates of $198.91 million.
• The company declared a quarterly dividend of $0.57 per share, equal to an annualized $2.28 payout and a 1.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.

PDT Partners LLC acquired a new position in shares of Charles River Associates (NASDAQ:CRAI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 32,751 shares of the business services provider's stock, valued at approximately $4,660,000. PDT Partners LLC owned approximately 0.52% of Charles River Associates as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of CRAI. Kennedy Capital Management LLC increased 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 buying an additional 79 shares during the period. Arkadios Wealth Advisors boosted its holdings 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 acquiring an additional 134 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Charles River Associates in the first quarter valued at about $27,000. Allworth Financial LP acquired a new stake in Charles River Associates in the second quarter worth about $35,000. Finally, Russell Investments Group Ltd. increased its position in Charles River Associates by 8.2% in 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. 84.13% of the stock is currently owned by institutional investors.

Charles River Associates Stock Performance

Shares of Charles River Associates stock opened at $171.88 on Wednesday. The firm has a fifty day moving average of $163.57 and a two-hundred day moving average of $159.45. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 1.30 and a beta of 0.66. Charles River Associates has a 52 week low of $132.17 and a 52 week high of $227.29.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $2.16 earnings per share (EPS) 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 business had revenue of $210.81 million for the quarter, compared to analyst estimates of $198.91 million. As a group, research analysts forecast that Charles River Associates will post 8.42 EPS for the current fiscal year.

Charles River Associates Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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