Insider Selling: CRA International, Inc. (NASDAQ:CRAI) CEO Sells 7,500 Shares of Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $176.28, for a total value of $1,322,100.00. Following the completion of the transaction, the chief executive officer now directly owns 142,022 shares of the company’s stock, valued at approximately $25,035,638.16. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CRA International Trading Down 3.4 %

Shares of NASDAQ:CRAI opened at $177.68 on Friday. CRA International, Inc. has a 52 week low of $133.54 and a 52 week high of $214.01. The company’s 50 day moving average is $187.61 and its two-hundred day moving average is $184.67. The company has a market cap of $1.21 billion, a PE ratio of 26.36, a P/E/G ratio of 1.75 and a beta of 1.09.

CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, February 20th. The business services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.59 by $0.44. The firm had revenue of $176.44 million for the quarter, compared to analyst estimates of $166.29 million. CRA International had a return on equity of 25.95% and a net margin of 6.79%. As a group, equities research analysts expect that CRA International, Inc. will post 7.52 EPS for the current year.

CRA International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, March 4th. CRA International’s payout ratio is 29.08%.

Analyst Upgrades and Downgrades

Separately, Barrington Research lifted their price objective on shares of CRA International from $212.00 to $224.00 and gave the company an “outperform” rating in a report on Monday, February 24th.

Hedge Funds Weigh In On CRA International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRAI. Quantbot Technologies LP acquired a new stake in CRA International during the third quarter worth approximately $164,000. Ameriprise Financial Inc. purchased a new position in shares of CRA International in the 4th quarter valued at $249,000. KLP Kapitalforvaltning AS acquired a new stake in CRA International during the 4th quarter worth $281,000. Harbor Capital Advisors Inc. lifted its position in CRA International by 4.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,245 shares of the business services provider’s stock valued at $607,000 after acquiring an additional 150 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in CRA International by 3.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock valued at $640,000 after acquiring an additional 108 shares in the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.

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.