Charles River Associates (NASDAQ:CRAI) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in Charles River Associates (NASDAQ:CRAI - Free Report) by 599.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,121 shares of the business services provider's stock after purchasing an additional 3,532 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Charles River Associates worth $714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its position in Charles River Associates by 3.3% during the fourth quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider's stock worth $640,000 after acquiring an additional 108 shares during the last quarter. Summit Global Investments acquired a new position in Charles River Associates during the fourth quarter worth about $656,000. KLP Kapitalforvaltning AS acquired a new position in Charles River Associates during the fourth quarter worth about $281,000. Foundry Partners LLC raised its position in Charles River Associates 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, United Capital Financial Advisors LLC acquired a new position in Charles River Associates during the fourth quarter worth about $9,389,000. Institutional investors and hedge funds own 84.13% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CRAI shares. Wall Street Zen lowered shares of Charles River Associates from a "buy" rating to a "hold" rating in a research report on Saturday. Barrington Research boosted their price objective on shares of Charles River Associates from $224.00 to $228.00 and gave the company an "outperform" rating in a research report on Wednesday, May 21st.

Insider Buying and Selling at Charles River Associates

In other Charles River Associates news, EVP Jonathan D. Yellin sold 1,750 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $188.46, for a total transaction of $329,805.00. Following the sale, the executive vice president now owns 19,073 shares of the company's stock, valued at $3,594,497.58. This represents a 8.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul A. Maleh sold 7,500 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $190.62, for a total transaction of $1,429,650.00. Following the transaction, the chief executive officer now owns 141,545 shares in the company, valued at approximately $26,981,307.90. The trade was a 5.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company's stock.

Charles River Associates Stock Down 1.3%

Charles River Associates stock opened at $179.85 on Friday. Charles River Associates has a 52-week low of $133.54 and a 52-week high of $214.01. The firm has a fifty day moving average of $179.52 and a 200-day moving average of $182.57. The firm has a market capitalization of $1.22 billion, a P/E ratio of 24.27, a PEG ratio of 1.42 and a beta of 0.93.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.29. Charles River Associates had a net margin of 7.31% and a return on equity of 25.88%. The company had revenue of $181.85 million during the quarter, compared to analyst estimates of $176.63 million. On average, research analysts expect that Charles River Associates will post 7.52 EPS for the current fiscal year.

Charles River Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, May 27th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Tuesday, May 27th. Charles River Associates's dividend payout ratio (DPR) is presently 26.45%.

Charles River Associates 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.

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