SG Americas Securities LLC grew its holdings in shares of Charles River Associates (NASDAQ:CRAI – Free Report) by 86.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 105,339 shares of the business services provider’s stock after purchasing an additional 48,892 shares during the period. SG Americas Securities LLC’s holdings in Charles River Associates were worth $17,052,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new stake in shares of Charles River Associates in the 1st quarter worth approximately $27,000. Entropy Technologies LP bought a new stake in Charles River Associates during the fourth quarter worth approximately $401,000. Russell Investments Group Ltd. grew its position in Charles River Associates by 8.2% in the fourth quarter. Russell Investments Group Ltd. now owns 4,180 shares of the business services provider’s stock worth $839,000 after buying an additional 318 shares during the last quarter. Arkadios Wealth Advisors grew its position in Charles River Associates by 3.1% in the fourth quarter. Arkadios Wealth Advisors now owns 4,388 shares of the business services provider’s stock worth $881,000 after buying an additional 134 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in shares of Charles River Associates by 63.9% in the third quarter. Kennedy Capital Management LLC now owns 6,410 shares of the business services provider’s stock valued at $1,337,000 after buying an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.
Insider Activity at Charles River Associates
In other news, EVP Jonathan D. Yellin sold 2,250 shares of Charles River Associates stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $147.72, for a total transaction of $332,370.00. Following the transaction, the executive vice president owned 13,247 shares in the company, valued at approximately $1,956,846.84. The trade was a 14.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.50% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Charles River Associates
Charles River Associates Trading Down 1.0%
CRAI stock opened at $142.97 on Friday. Charles River Associates has a one year low of $132.17 and a one year high of $227.29. The firm has a 50-day moving average of $147.57 and a two-hundred day moving average of $170.72. The firm has a market capitalization of $923.59 million, a PE ratio of 19.86, a P/E/G ratio of 1.06 and a beta of 0.69.
Charles River Associates (NASDAQ:CRAI – Get Free Report) last released its earnings results on Thursday, May 7th. The business services provider reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.03). Charles River Associates had a return on equity of 26.02% and a net margin of 6.22%.The firm had revenue of $200.97 million during the quarter, compared to analysts’ expectations of $193.81 million. On average, equities research analysts anticipate that Charles River Associates will post 8.52 earnings per share for the current year.
Charles River Associates Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Tuesday, May 26th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 26th. Charles River Associates’s dividend payout ratio (DPR) is 31.67%.
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.
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