Spinnaker Trust Invests $1.95 Million in CRA International, Inc. (NASDAQ:CRAI)

Spinnaker Trust purchased a new position in shares of CRA International, Inc. (NASDAQ:CRAI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,761 shares of the business services provider's stock, valued at approximately $1,953,000. Spinnaker Trust owned 0.28% of CRA International as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. raised its stake in CRA International by 12.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,615 shares of the business services provider's stock worth $456,000 after purchasing an additional 519 shares during the period. Dearborn Partners LLC raised its stake in CRA International by 46.2% during the third quarter. Dearborn Partners LLC now owns 7,928 shares of the business services provider's stock worth $799,000 after purchasing an additional 2,504 shares during the period. Finally, Foundry Partners LLC raised its stake in shares of CRA International by 7.5% in the 4th quarter. Foundry Partners LLC now owns 46,555 shares of the business services provider's stock valued at $4,602,000 after acquiring an additional 3,245 shares during the period. Hedge funds and other institutional investors own 84.13% of the company's stock.

Insider Activity at CRA International

In related news, Director Thomas Aiken Avery sold 1,000 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $138.05, for a total transaction of $138,050.00. Following the completion of the sale, the director now directly owns 15,504 shares of the company's stock, valued at approximately $2,140,327.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other CRA International news, EVP Jonathan D. Yellin sold 1,250 shares of the firm's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $136.62, for a total transaction of $170,775.00. Following the completion of the transaction, the executive vice president now directly owns 21,587 shares of the company's stock, valued at approximately $2,949,215.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas Aiken Avery sold 1,000 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $138.05, for a total transaction of $138,050.00. Following the transaction, the director now directly owns 15,504 shares of the company's stock, valued at $2,140,327.20. The disclosure for this sale can be found here. In the last three months, insiders sold 10,750 shares of company stock valued at $1,487,085. Corporate insiders own 5.30% of the company's stock.

CRA International Stock Up 1.8 %

Shares of CRAI stock traded up $2.69 during mid-day trading on Friday, reaching $149.71. The company's stock had a trading volume of 21,599 shares, compared to its average volume of 25,583. The company's 50 day simple moving average is $138.74 and its 200-day simple moving average is $113.54. CRA International, Inc. has a 12-month low of $81.29 and a 12-month high of $153.09. The firm has a market capitalization of $1.04 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22.

CRA International (NASDAQ:CRAI - Get Free Report) last issued its earnings results on Thursday, February 29th. The business services provider reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.53. CRA International had a net margin of 6.17% and a return on equity of 19.01%. The business had revenue of $161.61 million for the quarter, compared to the consensus estimate of $149.51 million. As a group, research analysts anticipate that CRA International, Inc. will post 5.88 EPS for the current fiscal year.

CRA International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 12th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Monday, March 11th. CRA International's payout ratio is 31.11%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of CRA International from a "buy" rating to a "strong-buy" rating in a research note on Monday, March 4th.

CRA International 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.