Charles River Associates (NASDAQ:CRAI) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lessened its stake in shares of Charles River Associates (NASDAQ:CRAI - Free Report) by 7.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,048 shares of the business services provider's stock after selling 2,067 shares during the period. Foundry Partners LLC owned approximately 0.40% of Charles River Associates worth $4,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CRAI. SG Americas Securities LLC increased its position in shares of Charles River Associates by 599.7% during the first quarter. SG Americas Securities LLC now owns 4,121 shares of the business services provider's stock worth $714,000 after purchasing an additional 3,532 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Charles River Associates by 1.6% during the 1st quarter. Rhumbline Advisers now owns 12,706 shares of the business services provider's stock valued at $2,201,000 after buying an additional 205 shares during the period. GAMMA Investing LLC lifted its position in Charles River Associates by 28,517.4% during the 1st quarter. GAMMA Investing LLC now owns 6,582 shares of the business services provider's stock worth $1,140,000 after acquiring an additional 6,559 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in Charles River Associates in the fourth quarter valued at about $249,000. Finally, MetLife Investment Management LLC lifted its holdings in Charles River Associates 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 period. 84.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRAI. Barrington Research increased their target price on shares of Charles River Associates from $224.00 to $228.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Wall Street Zen raised shares of Charles River Associates from a "hold" rating to a "buy" rating in a research note on Monday.

Insider Buying and Selling

In other news, EVP Jonathan D. Yellin sold 1,750 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $188.46, for a total value of $329,805.00. Following the completion of the sale, the executive vice president owned 19,073 shares of the company's stock, valued at approximately $3,594,497.58. The trade was a 8.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Paul A. Maleh sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $190.62, for a total value of $1,429,650.00. Following the completion of the transaction, the chief executive officer directly owned 141,545 shares in the company, valued at $26,981,307.90. This trade represents a 5.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Charles River Associates Trading Up 0.4%

Charles River Associates stock traded up $0.68 during mid-day trading on Wednesday, hitting $175.27. The stock had a trading volume of 9,845 shares, compared to its average volume of 58,603. The firm's 50 day moving average is $187.96 and its 200 day moving average is $182.51. The firm has a market capitalization of $1.19 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.37 and a beta of 0.91. Charles River Associates has a one year low of $133.54 and a one year high of $214.01.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $181.85 million for the quarter, compared to analyst estimates of $176.63 million. As a group, equities research analysts forecast that Charles River Associates will post 7.52 earnings per share for the current year.

Charles River Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, May 27th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, May 27th. Charles River Associates's dividend payout ratio (DPR) is currently 26.45%.

About Charles River Associates

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.