Charles River Associates (NASDAQ:CRAI) EVP Jonathan Yellin Sells 2,250 Shares of Stock

Charles River Associates (NASDAQ:CRAI) EVP Jonathan Yellin sold 2,250 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $147.72, for a total value of $332,370.00. Following the completion of the transaction, the executive vice president owned 13,247 shares in the company, valued at $1,956,846.84. The trade was a 14.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles River Associates Trading Up 2.1%

NASDAQ:CRAI opened at $148.01 on Thursday. The stock has a market capitalization of $956.59 million, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.07 and a beta of 0.75. The firm’s 50 day moving average is $155.72 and its 200 day moving average is $177.31. Charles River Associates has a 12 month low of $132.17 and a 12 month high of $227.29.

Charles River Associates (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.03). The company had revenue of $200.98 million during the quarter, compared to the consensus estimate of $193.81 million. Charles River Associates had a return on equity of 26.02% and a net margin of 6.22%. Research analysts predict that Charles River Associates will post 8.48 earnings per share for the current year.

Charles River Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Tuesday, May 26th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, May 26th. Charles River Associates’s payout ratio is 31.67%.

Institutional Investors Weigh In On Charles River Associates

A number of hedge funds and other institutional investors have recently bought and sold shares of CRAI. Jones Financial Companies Lllp bought a new stake in Charles River Associates during the 1st quarter valued at $27,000. BNP Paribas Financial Markets raised its holdings in Charles River Associates by 243.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 11,511 shares of the business services provider’s stock valued at $2,157,000 after acquiring an additional 8,163 shares during the period. Lazard Asset Management LLC bought a new stake in Charles River Associates during the 2nd quarter valued at $1,424,000. New York State Common Retirement Fund raised its holdings in Charles River Associates by 154.3% during the 3rd quarter. New York State Common Retirement Fund now owns 5,995 shares of the business services provider’s stock valued at $1,250,000 after acquiring an additional 3,638 shares during the period. Finally, Quantbot Technologies LP raised its holdings in Charles River Associates by 2.6% during the 3rd quarter. Quantbot Technologies LP now owns 7,675 shares of the business services provider’s stock valued at $1,600,000 after acquiring an additional 193 shares during the period. Institutional investors own 84.13% of the company’s stock.

Analysts Set New Price Targets

CRAI has been the topic of a number of research reports. Barrington Research reaffirmed an “outperform” rating and issued a $245.00 price target on shares of Charles River Associates in a report on Monday, March 2nd. Weiss Ratings cut shares of Charles River Associates from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Charles River Associates currently has an average rating of “Moderate Buy” and a consensus target price of $245.00.

About Charles River Associates

Charles River Associates (NASDAQ: CRAI) is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients’ needs.

The firm’s service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.