CRA International (CRAI) Hits New 52-Week Low at $40.22

CRA International, Inc. (NASDAQ:CRAI)’s share price reached a new 52-week low on Thursday . The stock traded as low as $40.22 and last traded at $46.93, with a volume of 39728 shares traded. The stock had previously closed at $47.26.

Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of CRA International from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 22nd. ValuEngine downgraded shares of CRA International from a “hold” rating to a “sell” rating in a research note on Friday, November 16th.

The stock has a market cap of $384.40 million, a P/E ratio of 24.93 and a beta of 1.04.

CRA International (NASDAQ:CRAI) last released its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. CRA International had a net margin of 3.30% and a return on equity of 11.16%. The company had revenue of $103.87 million during the quarter, compared to analyst estimates of $102.90 million. During the same period last year, the business earned $0.41 earnings per share. CRA International’s revenue was up 13.7% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Tuesday, November 27th will be given a $0.20 dividend. This is a positive change from CRA International’s previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Monday, November 26th. CRA International’s dividend payout ratio (DPR) is 41.88%.

In other news, EVP Jonathan D. Yellin sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $44.85, for a total value of $35,880.00. Following the completion of the transaction, the executive vice president now directly owns 9,432 shares in the company, valued at $423,025.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul A. Maleh sold 6,400 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $45.00, for a total transaction of $288,000.00. Following the completion of the transaction, the chief executive officer now owns 128,510 shares of the company’s stock, valued at $5,782,950. The disclosure for this sale can be found here. Insiders sold 16,800 shares of company stock valued at $757,368 over the last 90 days. 4.90% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in CRAI. Fuller & Thaler Asset Management Inc. boosted its position in shares of CRA International by 53.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 60,142 shares of the business services provider’s stock valued at $3,061,000 after acquiring an additional 20,842 shares during the period. Paloma Partners Management Co bought a new position in shares of CRA International in the second quarter valued at approximately $279,000. MetLife Investment Advisors LLC boosted its position in shares of CRA International by 74.4% in the second quarter. MetLife Investment Advisors LLC now owns 4,929 shares of the business services provider’s stock valued at $251,000 after acquiring an additional 2,102 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of CRA International by 58.8% in the second quarter. Public Employees Retirement System of Ohio now owns 6,232 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 2,307 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of CRA International by 1.9% in the third quarter. Russell Investments Group Ltd. now owns 224,482 shares of the business services provider’s stock valued at $11,273,000 after acquiring an additional 4,127 shares during the period. Institutional investors own 84.37% of the company’s stock.

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About CRA International (NASDAQ:CRAI)

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

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