Spinnaker Trust Sells 3,000 Shares of CRA International, Inc. (NASDAQ:CRAI)

Spinnaker Trust lessened its holdings in CRA International, Inc. (NASDAQ:CRAI) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,661 shares of the business services provider’s stock after selling 3,000 shares during the quarter. Spinnaker Trust’s holdings in CRA International were worth $6,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in CRA International in the 1st quarter worth about $115,000. Marshall Wace LLP bought a new position in CRA International in the 2nd quarter worth about $221,000. Kennedy Capital Management LLC raised its holdings in shares of CRA International by 3.6% in the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 117 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of CRA International by 2.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock valued at $517,000 after acquiring an additional 74 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of CRA International by 12.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 324 shares during the last quarter. 84.13% of the stock is owned by hedge funds and other institutional investors.

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 value 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 document filed with the Securities & Exchange Commission, which is available through this link. In other CRA International news, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $155.21, for a total value of $155,210.00. Following the completion of the sale, the chief financial officer now owns 11,624 shares in the company, valued at approximately $1,804,161.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a 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 Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total value of $1,187,475.00. Following the transaction, the chief executive officer now directly owns 159,212 shares in the company, valued at $25,208,035.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,750 shares of company stock valued at $1,695,720 in the last quarter. Company insiders own 5.20% of the company’s stock.

CRA International Stock Performance

NASDAQ:CRAI traded up $16.30 during mid-day trading on Wednesday, reaching $204.50. The stock had a trading volume of 7,008 shares, compared to its average volume of 37,614. The stock has a market capitalization of $1.39 billion, a P/E ratio of 30.45, a P/E/G ratio of 1.67 and a beta of 1.13. The firm has a 50 day moving average price of $176.44 and a two-hundred day moving average price of $170.69. CRA International, Inc. has a one year low of $88.39 and a one year high of $204.61.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. The firm had revenue of $167.75 million for the quarter, compared to analysts’ expectations of $166.83 million. CRA International had a return on equity of 24.46% and a net margin of 6.41%. During the same period last year, the firm earned $1.13 earnings per share. Research analysts forecast that CRA International, Inc. will post 6.95 earnings per share for the current year.

CRA International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 26th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.96%. This is an increase from CRA International’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, November 26th. CRA International’s payout ratio is presently 27.18%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of CRA International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st.

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.