CRA International, Inc. (NASDAQ:CRAI) Sees Significant Decrease in Short Interest

CRA International, Inc. (NASDAQ:CRAIGet Free Report) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 63,900 shares, a decline of 19.5% from the May 15th total of 79,400 shares. Based on an average trading volume of 33,400 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.0% of the company’s shares are sold short.

Insider Buying and Selling at CRA International

In other news, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $180.86, for a total value of $1,356,450.00. Following the sale, the chief executive officer now directly owns 166,712 shares in the company, valued at $30,151,532.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Daniel K. Mahoney sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $174.01, for a total value of $174,010.00. Following the completion of the sale, the chief financial officer now directly owns 12,624 shares of the company’s stock, valued at approximately $2,196,702.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Paul A. Maleh sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $180.86, for a total value of $1,356,450.00. Following the completion of the sale, the chief executive officer now owns 166,712 shares of the company’s stock, valued at approximately $30,151,532.32. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock valued at $1,940,610 in the last three months. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CRA International

Large investors have recently made changes to their positions in the business. Spinnaker Trust purchased a new stake in CRA International during the 4th quarter worth $1,953,000. BNP Paribas Financial Markets grew its stake in CRA International by 2.0% during the 4th quarter. BNP Paribas Financial Markets now owns 10,284 shares of the business services provider’s stock valued at $1,017,000 after purchasing an additional 206 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in CRA International by 12.7% during the 4th 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 last quarter. Foundry Partners LLC raised its holdings in CRA International by 7.5% in the fourth 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 in the last quarter. Finally, Isthmus Partners LLC lifted its position in shares of CRA International by 5.7% during the fourth quarter. Isthmus Partners LLC now owns 18,462 shares of the business services provider’s stock worth $1,825,000 after purchasing an additional 989 shares during the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CRAI. Barrington Research reiterated an “outperform” rating and issued a $186.00 price objective on shares of CRA International in a research note on Tuesday, June 11th. StockNews.com lowered CRA International from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd.

Get Our Latest Stock Report on CRA International

CRA International Stock Performance

CRAI stock traded up $1.62 during trading on Friday, hitting $173.15. The stock had a trading volume of 58,869 shares, compared to its average volume of 42,383. CRA International has a 1-year low of $81.29 and a 1-year high of $187.10. The company’s 50 day moving average price is $161.43 and its two-hundred day moving average price is $131.40. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 1.75 and a beta of 1.15.

CRA International (NASDAQ:CRAIGet Free Report) last released its earnings results on Thursday, May 2nd. The business services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.57. The firm had revenue of $171.79 million for the quarter, compared to the consensus estimate of $160.67 million. CRA International had a return on equity of 20.80% and a net margin of 6.73%. As a group, sell-side analysts forecast that CRA International will post 6.19 earnings per share for the current fiscal year.

CRA International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 28th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Friday, May 24th. CRA International’s payout ratio is currently 27.45%.

About CRA International

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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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