GAMMA Investing LLC boosted its holdings in shares of Charles River Associates (NASDAQ:CRAI - Free Report) by 28,517.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,582 shares of the business services provider's stock after purchasing an additional 6,559 shares during the period. GAMMA Investing LLC owned 0.10% of Charles River Associates worth $1,140,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. bought a new position in shares of Charles River Associates in the 4th quarter worth $249,000. KLP Kapitalforvaltning AS bought a new stake in shares of Charles River Associates in the fourth quarter valued at about $281,000. Farther Finance Advisors LLC lifted its position in Charles River Associates 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 buying an additional 108 shares in the last quarter. Summit Global Investments bought a new stake in shares of Charles River Associates during the 4th quarter worth approximately $656,000. Finally, MetLife Investment Management LLC lifted its stake in Charles River Associates by 6.7% in the 4th quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider's stock valued at $745,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 84.13% of the company's stock.
Analysts Set New Price Targets
Separately, Barrington Research increased their price objective on Charles River Associates from $224.00 to $228.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 21st.
Read Our Latest Analysis on CRAI
Insiders Place Their Bets
In related news, CEO Paul A. Maleh sold 7,500 shares of the business'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 sale, the chief executive officer now owns 141,545 shares of the company's stock, valued at $26,981,307.90. The trade was a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jonathan D. Yellin sold 1,750 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $3,594,497.58. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.
Charles River Associates Price Performance
Shares of CRAI traded up $0.59 during trading hours on Tuesday, hitting $183.39. The stock had a trading volume of 96,611 shares, compared to its average volume of 47,570. Charles River Associates has a 1-year low of $133.54 and a 1-year high of $214.01. The firm has a market capitalization of $1.25 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 1.43 and a beta of 0.93. The firm has a 50 day simple moving average of $178.49 and a 200-day simple moving average of $182.73.
Charles River Associates (NASDAQ:CRAI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $0.29. Charles River Associates had a return on equity of 25.88% and a net margin of 7.31%. The business had revenue of $181.85 million for the quarter, compared to analysts' expectations of $176.63 million. Equities analysts predict that Charles River Associates will post 7.52 EPS for the current fiscal year.
Charles River Associates Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, May 27th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Tuesday, May 27th. Charles River Associates's dividend payout ratio (DPR) is presently 26.45%.
Charles River Associates Profile
(
Free Report)
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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