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

Spinnaker Trust decreased its stake in shares of CRA International, Inc. (NASDAQ:CRAI) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,661 shares of the business services provider’s stock after selling 3,000 shares during the quarter. Spinnaker Trust owned about 0.56% of CRA International worth $6,603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of CRA International in the 1st quarter valued at about $115,000. Russell Investments Group Ltd. lifted its position in shares of CRA International by 21.9% in the first quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 1,912 shares during the last quarter. Isthmus Partners LLC boosted its stake in shares of CRA International by 55.3% during the 1st quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider’s stock worth $4,289,000 after acquiring an additional 10,213 shares during the period. Dearborn Partners LLC increased its holdings in shares of CRA International by 22.2% during the 1st quarter. Dearborn Partners LLC now owns 9,673 shares of the business services provider’s stock worth $1,447,000 after acquiring an additional 1,757 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its stake in 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 during the period. Institutional investors own 84.13% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at CRA International

In other news, CEO Paul A. Maleh sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total transaction of $1,187,475.00. Following the completion of the transaction, the chief executive officer now directly owns 159,212 shares in the company, valued at approximately $25,208,035.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CRA International news, 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 transaction of $1,187,475.00. Following the sale, the chief executive officer now directly owns 159,212 shares of the company’s stock, valued at $25,208,035.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jonathan D. Yellin sold 1,250 shares of the firm’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 transaction, the executive vice president now directly owns 20,361 shares of the company’s stock, valued at $3,222,331.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,750 shares of company stock valued at $1,695,720 over the last quarter. 5.20% of the stock is owned by corporate insiders.

CRA International Stock Performance

Shares of CRAI stock traded up $16.30 on Wednesday, hitting $204.50. The company’s stock had a trading volume of 7,008 shares, compared to its average volume of 37,614. The company has a market capitalization of $1.39 billion, a PE ratio of 30.45, a PEG ratio of 1.67 and a beta of 1.13. CRA International, Inc. has a fifty-two week low of $88.39 and a fifty-two week high of $204.61. The stock’s 50 day moving average is $176.44 and its 200-day moving average is $170.69.

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

CRA International Increases Dividend

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

About CRA International

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.