Spinnaker Trust Has $984,000 Stake in Charles River Associates (NASDAQ:CRAI)

Spinnaker Trust trimmed its holdings in shares of Charles River Associates (NASDAQ:CRAI - Free Report) by 67.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,681 shares of the business services provider's stock after selling 12,000 shares during the period. Spinnaker Trust owned approximately 0.08% of Charles River Associates worth $984,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in 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 purchasing an additional 205 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Charles River Associates by 28,517.4% in the 1st quarter. GAMMA Investing LLC now owns 6,582 shares of the business services provider's stock worth $1,140,000 after purchasing an additional 6,559 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Charles River Associates by 599.7% during the 1st quarter. SG Americas Securities LLC now owns 4,121 shares of the business services provider's stock worth $714,000 after buying an additional 3,532 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Charles River Associates during the fourth quarter valued at approximately $281,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of Charles River Associates in the 4th quarter valued at $249,000. 84.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRAI has been the subject of a number of research reports. Barrington Research increased their target price on Charles River Associates from $224.00 to $228.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Wall Street Zen lowered Charles River Associates from a "buy" rating to a "hold" rating in a report on Saturday, June 21st.

Charles River Associates Trading Up 0.5%

NASDAQ:CRAI traded up $0.94 on Friday, hitting $196.39. The company's stock had a trading volume of 106,237 shares, compared to its average volume of 53,733. Charles River Associates has a one year low of $133.54 and a one year high of $214.01. The stock has a fifty day moving average of $184.65 and a two-hundred day moving average of $182.43. The firm has a market capitalization of $1.34 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 1.53 and a beta of 0.91.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $0.29. The business had revenue of $181.85 million for the quarter, compared to analyst estimates of $176.63 million. Charles River Associates had a net margin of 7.31% and a return on equity of 25.88%. As a group, sell-side analysts anticipate that Charles River Associates will post 7.52 EPS for the current year.

Charles River Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, May 27th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, May 27th. Charles River Associates's dividend payout ratio is 26.45%.

Insider Activity at Charles River Associates

In related news, 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 completion of the sale, the chief executive officer owned 141,545 shares of the company's stock, valued at $26,981,307.90. This represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jonathan D. Yellin sold 1,750 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $188.46, for a total transaction of $329,805.00. Following the sale, the executive vice president directly owned 19,073 shares of the company's stock, valued at approximately $3,594,497.58. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by company insiders.

Charles River Associates Company 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.