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

Charles River Associates (NASDAQ:CRAIGet Free Report) 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 transaction of $332,370.00. Following the sale, the executive vice president directly owned 13,247 shares in the company, valued at approximately $1,956,846.84. This represents a 14.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles River Associates Price Performance

NASDAQ:CRAI traded up $3.02 during trading hours on Wednesday, hitting $148.01. 112,659 shares of the company were exchanged, compared to its average volume of 168,941. The stock has a market capitalization of $956.14 million, a price-to-earnings ratio of 20.56, a PEG ratio of 1.07 and a beta of 0.75. Charles River Associates has a 52-week low of $132.17 and a 52-week high of $227.29. The company’s 50 day moving average price is $156.23 and its 200-day moving average price is $177.57.

Charles River Associates (NASDAQ:CRAIGet 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). The company had revenue of $200.98 million for the quarter, compared to analysts’ expectations of $193.81 million. Charles River Associates had a return on equity of 26.02% and a net margin of 6.22%. On average, equities analysts predict that Charles River Associates will post 8.48 earnings per share for the current year.

Charles River Associates Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Weiss Ratings downgraded shares of Charles River Associates from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Barrington Research reissued an “outperform” rating and set a $245.00 target price on shares of Charles River Associates in a research report on Monday, March 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.00.

Read Our Latest Analysis on CRAI

Institutional Trading of Charles River Associates

Several large investors have recently made changes to their positions in the business. Kennedy Capital Management LLC boosted its holdings in shares of Charles River Associates by 1.2% in the 4th quarter. Kennedy Capital Management LLC now owns 6,489 shares of the business services provider’s stock valued at $1,302,000 after acquiring an additional 79 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Charles River Associates by 3.1% in the 4th quarter. Arkadios Wealth Advisors now owns 4,388 shares of the business services provider’s stock valued at $881,000 after acquiring an additional 134 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Charles River Associates in the 1st quarter valued at $27,000. Quantbot Technologies LP boosted its holdings in shares of Charles River Associates by 2.6% in 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 last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Charles River Associates by 8.2% in the 4th quarter. Russell Investments Group Ltd. now owns 4,180 shares of the business services provider’s stock valued at $839,000 after acquiring an additional 318 shares during the last quarter. 84.13% of the stock is owned by hedge funds and other institutional investors.

About Charles River Associates

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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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