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

CRA International, Inc. (NASDAQ:CRAIGet Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 72,000 shares, a drop of 11.8% from the February 29th total of 81,600 shares. Based on an average daily volume of 32,600 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CRA International from a “buy” rating to a “strong-buy” rating in a report on Monday, March 4th.

Check Out Our Latest Stock Analysis on CRA International

Insiders Place Their Bets

In other news, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $138.66, for a total value of $1,039,950.00. Following the completion of the sale, the chief executive officer now owns 170,280 shares in the company, valued at approximately $23,611,024.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Thomas Aiken Avery sold 1,000 shares of CRA International stock in a transaction on Monday, March 4th. The shares were sold at an average price of $138.05, for a total value of $138,050.00. Following the completion of the sale, the director now owns 15,504 shares of the company’s stock, valued at approximately $2,140,327.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $138.66, for a total transaction of $1,039,950.00. Following the completion of the sale, the chief executive officer now directly owns 170,280 shares of the company’s stock, valued at approximately $23,611,024.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,750 shares of company stock worth $1,487,085. 5.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CRA International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of CRA International by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 138,370 shares of the business services provider’s stock worth $14,114,000 after buying an additional 2,553 shares during the last quarter. Bank of New York Mellon Corp raised its stake in CRA International by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 70,908 shares of the business services provider’s stock valued at $6,293,000 after acquiring an additional 2,381 shares during the period. Ancora Advisors LLC raised its stake in CRA International by 30.4% in the 1st quarter. Ancora Advisors LLC now owns 63,927 shares of the business services provider’s stock valued at $4,772,000 after acquiring an additional 14,889 shares during the period. Neuberger Berman Group LLC raised its stake in CRA International by 1,301.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 55,218 shares of the business services provider’s stock valued at $4,900,000 after acquiring an additional 51,278 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in CRA International by 17.7% in the 1st quarter. Ameriprise Financial Inc. now owns 50,537 shares of the business services provider’s stock valued at $5,465,000 after acquiring an additional 7,594 shares during the period. 84.13% of the stock is owned by hedge funds and other institutional investors.

CRA International Stock Performance

CRAI traded up $0.09 during mid-day trading on Tuesday, reaching $149.70. 22,491 shares of the stock were exchanged, compared to its average volume of 33,143. The stock has a market capitalization of $1.04 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a 50 day moving average price of $124.17 and a two-hundred day moving average price of $107.73. CRA International has a 1 year low of $81.29 and a 1 year high of $151.98.

CRA International (NASDAQ:CRAIGet Free Report) last posted its quarterly earnings data on Thursday, February 29th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.53. The firm had revenue of $161.61 million for the quarter, compared to the consensus estimate of $149.51 million. CRA International had a net margin of 6.17% and a return on equity of 19.01%. Sell-side analysts expect that CRA International will post 5.74 EPS for the current fiscal year.

CRA International Dividend Announcement

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

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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