Insider Selling: CRA International, Inc. (NASDAQ:CRAI) Director Sells 3,715 Shares of Stock

CRA International, Inc. (NASDAQ:CRAI) Director Rowland Moriarty sold 3,715 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $50.19, for a total value of $186,455.85. Following the completion of the sale, the director now owns 36,132 shares in the company, valued at $1,813,465.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Rowland Moriarty also recently made the following trade(s):

  • On Tuesday, March 12th, Rowland Moriarty sold 3,785 shares of CRA International stock. The stock was sold at an average price of $50.74, for a total value of $192,050.90.
  • On Friday, March 8th, Rowland Moriarty sold 3,500 shares of CRA International stock. The stock was sold at an average price of $50.06, for a total value of $175,210.00.

Shares of CRAI traded up $1.53 during mid-day trading on Friday, reaching $51.95. 58,169 shares of the company’s stock traded hands, compared to its average volume of 38,500. The stock has a market cap of $394.47 million, a price-to-earnings ratio of 18.89 and a beta of 0.90. CRA International, Inc. has a 12 month low of $39.23 and a 12 month high of $58.75.

CRA International (NASDAQ:CRAI) last released its earnings results on Thursday, February 28th. The business services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. The firm had revenue of $108.80 million for the quarter, compared to analysts’ expectations of $104.63 million. CRA International had a return on equity of 11.89% and a net margin of 5.39%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. As a group, sell-side analysts expect that CRA International, Inc. will post 2.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.54%. CRA International’s dividend payout ratio is 29.09%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRAI. Metropolitan Life Insurance Co. NY grew its stake in CRA International by 296.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,981 shares of the business services provider’s stock worth $127,000 after purchasing an additional 2,229 shares in the last quarter. BW Gestao de Investimentos Ltda. bought a new position in CRA International in the third quarter worth approximately $210,000. Rhumbline Advisers grew its stake in CRA International by 38.6% in the fourth quarter. Rhumbline Advisers now owns 11,790 shares of the business services provider’s stock worth $502,000 after purchasing an additional 3,285 shares in the last quarter. Teachers Advisors LLC grew its stake in CRA International by 8.4% in the third quarter. Teachers Advisors LLC now owns 18,029 shares of the business services provider’s stock worth $905,000 after purchasing an additional 1,399 shares in the last quarter. Finally, Sawgrass Asset Management LLC grew its stake in CRA International by 36.2% in the third quarter. Sawgrass Asset Management LLC now owns 28,725 shares of the business services provider’s stock worth $1,443,000 after purchasing an additional 7,635 shares in the last quarter. 84.41% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on CRAI. Zacks Investment Research cut CRA International from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. ValuEngine raised CRA International from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. Finally, BidaskClub raised CRA International from a “sell” rating to a “hold” rating in a research note on Friday, March 1st.

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About CRA International

CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.

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Insider Buying and Selling by Quarter for CRA International (NASDAQ:CRAI)

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