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

CRA International, Inc. (NASDAQ:CRAI) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 39,900 shares, a decrease of 17.6% from the September 15th total of 48,400 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 45,400 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered CRA International from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th.

Insider Buying and Selling at CRA International

In related news, CFO Daniel K. Mahoney sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $155.21, for a total transaction of $155,210.00. Following the sale, the chief financial officer now directly owns 11,624 shares of the company’s stock, valued at $1,804,161.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CRA International news, EVP Jonathan D. Yellin sold 1,250 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.26, for a total transaction of $197,825.00. Following the completion of the transaction, the executive vice president now directly owns 20,361 shares in the company, valued at approximately $3,222,331.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel K. Mahoney sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $155.21, for a total transaction of $155,210.00. Following the sale, the chief financial officer now directly owns 11,624 shares of the company’s stock, valued at $1,804,161.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,750 shares of company stock worth $1,695,720. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On CRA International

A number of institutional investors and hedge funds have recently bought and sold shares of CRAI. Swedbank AB purchased a new position in CRA International during the 1st quarter worth approximately $26,924,000. SG Americas Securities LLC purchased a new stake in CRA International in the 3rd quarter valued at $573,000. Prime Capital Investment Advisors LLC boosted its stake in CRA International by 34.9% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 9,870 shares of the business services provider’s stock worth $1,700,000 after purchasing an additional 2,551 shares during the period. Russell Investments Group Ltd. grew its position in CRA International by 21.9% during the 1st quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock worth $1,590,000 after purchasing an additional 1,912 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of CRA International by 12.1% in the second quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock valued at $518,000 after buying an additional 324 shares during the last quarter. 84.13% of the stock is owned by hedge funds and other institutional investors.

CRA International Stock Down 0.6 %

NASDAQ:CRAI opened at $191.09 on Wednesday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. CRA International has a 52 week low of $81.29 and a 52 week high of $196.03. The stock’s fifty day moving average is $167.02 and its two-hundred day moving average is $165.93.

CRA International (NASDAQ:CRAI) last released its earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.34. The firm had revenue of $171.44 million during the quarter, compared to analyst estimates of $167.87 million. CRA International had a return on equity of 22.37% and a net margin of 6.17%. During the same period last year, the business posted $1.42 earnings per share. On average, sell-side analysts expect that CRA International will post 6.93 EPS for the current fiscal year.

CRA International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Tuesday, August 27th. CRA International’s payout ratio is 27.45%.

CRA International 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.