Rice Hall James & Associates LLC Takes $11.07 Million Position in Charles River Associates $CRAI

Key Points

• Rice Hall James & Associates acquired a new $11.07 million stake in Charles River Associates, purchasing 77,762 shares and owning approximately 1.2% of the company. Institutional investors collectively own 84.13% of CRAI.
• Charles River Associates reported quarterly EPS of $2.16, slightly above estimates, while revenue of $210.81 million exceeded expectations of $198.91 million. Analysts project full-year EPS of $8.42.
• The company declared a quarterly dividend of $0.57 per share, equivalent to an annualized $2.28 payout and a 1.4% yield. CRAI shares opened at $164.21, while analysts maintain a “Moderate Buy” consensus with a $245 target price.

Rice Hall James & Associates LLC acquired a new stake in shares of Charles River Associates (NASDAQ:CRAI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 77,762 shares of the business services provider's stock, valued at approximately $11,066,000. Rice Hall James & Associates LLC owned 1.20% of Charles River Associates as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Kennedy Capital Management LLC grew its stake in 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 worth $1,302,000 after acquiring an additional 79 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Charles River Associates by 3.1% during the 4th quarter. Arkadios Wealth Advisors now owns 4,388 shares of the business services provider's stock worth $881,000 after purchasing an additional 134 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Charles River Associates during the first quarter worth $27,000. Russell Investments Group Ltd. grew its position in shares of 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 valued at $839,000 after purchasing an additional 318 shares during the period. Finally, Persistent Asset Partners Ltd acquired a new position in Charles River Associates in the second quarter valued at $55,000. Institutional investors and hedge funds own 84.13% of the company's stock.

Charles River Associates Stock Down 2.4%

NASDAQ:CRAI opened at $164.21 on Tuesday. The company has a market cap of $1.03 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.25 and a beta of 0.66. Charles River Associates has a fifty-two week low of $132.17 and a fifty-two week high of $227.29. The firm's 50 day moving average is $160.58 and its two-hundred day moving average is $159.90.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.01. The company had revenue of $210.81 million during the quarter, compared to analysts' expectations of $198.91 million. Charles River Associates had a net margin of 6.20% and a return on equity of 27.31%. Research analysts forecast that Charles River Associates will post 8.42 earnings per share for the current fiscal year.

Charles River Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, August 25th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, August 25th. Charles River Associates's dividend payout ratio (DPR) is 30.36%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Charles River Associates in a research note on Friday, August 7th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $245.00.

Charles River Associates Company Profile

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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