Charles River Associates (NASDAQ:CRAI – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, August 25th will be given a dividend of 0.57 per share by the business services provider on Monday, September 14th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 25th.
Charles River Associates has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Charles River Associates has a dividend payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Charles River Associates to earn $9.42 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 24.2%.
Charles River Associates Trading Up 1.4%
Charles River Associates stock opened at $176.90 on Friday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.31 and a beta of 0.66. The stock has a 50 day moving average of $162.52 and a two-hundred day moving average of $159.75. Charles River Associates has a twelve month low of $132.17 and a twelve month high of $227.29.
Hedge Funds Weigh In On Charles River Associates
A number of large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Charles River Associates in the second quarter valued at approximately $91,500,000. Bank of New York Mellon Corp acquired a new position in Charles River Associates during the second quarter worth $69,054,000. Jupiter Topco LLC acquired a new position in Charles River Associates during the second quarter worth $19,965,000. Rice Hall James & Associates LLC purchased a new position in Charles River Associates in the second quarter worth $11,066,000. Finally, Ranger Investment Management L.P. purchased a new position in Charles River Associates in the second quarter worth $15,009,000. 84.13% of the stock is owned by hedge funds and other institutional investors.
Charles River Associates Company Profile
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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