Insider Selling: Charles River Associates (NASDAQ:CRAI) EVP Sells 1,750 Shares of Stock

Charles River Associates (NASDAQ:CRAI) EVP Jonathan Yellin sold 1,750 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $174.38, for a total value of $305,165.00. Following the sale, the executive vice president owned 15,573 shares in the company, valued at approximately $2,715,619.74. This trade represents a 10.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Charles River Associates Stock Performance

Shares of Charles River Associates stock traded down $2.83 on Monday, hitting $174.82. The stock had a trading volume of 56,113 shares, compared to its average volume of 79,896. The stock has a 50 day moving average of $189.32 and a 200 day moving average of $188.51. Charles River Associates has a twelve month low of $152.57 and a twelve month high of $214.66. The firm has a market capitalization of $1.15 billion, a P/E ratio of 21.16, a PEG ratio of 1.39 and a beta of 0.92.

Charles River Associates (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, October 30th. The business services provider reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.26. The firm had revenue of $185.89 million during the quarter, compared to analysts’ expectations of $179.42 million. Charles River Associates had a net margin of 7.93% and a return on equity of 25.51%. Charles River Associates has set its FY 2025 guidance at EPS. Equities analysts expect that Charles River Associates will post 7.52 earnings per share for the current year.

Charles River Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Tuesday, November 25th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $2.28 annualized dividend and a yield of 1.3%. This is an increase from Charles River Associates’s previous quarterly dividend of $0.49. Charles River Associates’s dividend payout ratio is 27.40%.

Wall Street Analyst Weigh In

CRAI has been the topic of a number of analyst reports. Barrington Research reiterated an “outperform” rating and issued a $239.00 price target on shares of Charles River Associates in a research report on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Charles River Associates in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Charles River Associates from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $239.00.

Hedge Funds Weigh In On Charles River Associates

Institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp bought a new stake in shares of Charles River Associates in the 1st quarter valued at $27,000. Longboard Asset Management LP acquired a new stake in Charles River Associates in the third quarter worth $217,000. Strs Ohio acquired a new stake in Charles River Associates in the first quarter worth $329,000. Quantbot Technologies LP bought a new stake in Charles River Associates in the first quarter valued at $360,000. Finally, Jump Financial LLC acquired a new position in shares of Charles River Associates during the first quarter valued at about $628,000. 84.13% of the stock is currently owned by institutional investors.

Charles River Associates 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.