Key Points
- Jonathan Yellin sold 2,250 shares at an average price of $182.27 on March 5 for a total of $410,107.50, trimming his stake by 13.81% to 14,046 shares; the trade was disclosed in an SEC Form 4 filing.
- Charles River Associates recently beat estimates with quarterly EPS of $2.06 (vs. $2.05 expected) and revenue of $196.96M (vs. $190.54M), reporting a 26.15% ROE and a 7.29% net margin.
- The company announced a $0.57 quarterly dividend (annualized $2.28, ~1.3% yield; ex-dividend March 10), while analysts' average rating is "Buy" with a $245 target and the stock trades at a P/E of 21.3 with a $1.14B market cap.
Charles River Associates (NASDAQ:CRAI - Get Free Report) EVP Jonathan Yellin sold 2,250 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $182.27, for a total transaction of $410,107.50. Following the completion of the transaction, the executive vice president owned 14,046 shares of the company's stock, valued at $2,560,164.42. This trade represents a 13.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Charles River Associates Stock Performance
NASDAQ:CRAI opened at $173.17 on Tuesday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 1.30 and a beta of 0.92. The stock's fifty day moving average price is $188.58 and its two-hundred day moving average price is $190.75. Charles River Associates has a 52-week low of $149.96 and a 52-week high of $227.29.
Charles River Associates (NASDAQ:CRAI - Get Free Report) last released its earnings results on Thursday, February 26th. The business services provider reported $2.06 EPS for the quarter, beating the consensus estimate of $2.05 by $0.01. The company had revenue of $196.96 million during the quarter, compared to analysts' expectations of $190.54 million. Charles River Associates had a return on equity of 26.15% and a net margin of 7.29%. On average, equities analysts predict that Charles River Associates will post 7.52 EPS for the current fiscal year.
Charles River Associates Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, March 10th. Charles River Associates's dividend payout ratio (DPR) is presently 28.04%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on CRAI. Weiss Ratings restated a "buy (b)" rating on shares of Charles River Associates in a research report on Monday, December 29th. Wall Street Zen cut shares of Charles River Associates from a "buy" rating to a "hold" rating in a research report on Saturday, December 6th. Finally, Barrington Research reissued an "outperform" rating and set a $245.00 price target on shares of Charles River Associates in a research note on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Charles River Associates currently has an average rating of "Buy" and an average target price of $245.00.
Get Our Latest Report on Charles River Associates
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRAI. Jones Financial Companies Lllp acquired a new stake in shares of Charles River Associates during the first quarter worth about $27,000. Longboard Asset Management LP bought a new position in shares of Charles River Associates during the 3rd quarter valued at about $217,000. Entropy Technologies LP acquired a new position in shares of Charles River Associates in the 4th quarter valued at approximately $401,000. Kennedy Capital Management LLC increased its stake in Charles River Associates by 9.3% during the 2nd quarter. Kennedy Capital Management LLC now owns 3,910 shares of the business services provider's stock worth $733,000 after purchasing an additional 333 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Charles River Associates by 8.2% during the 4th quarter. Russell Investments Group Ltd. now owns 4,180 shares of the business services provider's stock worth $839,000 after purchasing an additional 318 shares in the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.
About Charles River Associates
(
Get Free Report)
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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