CRA International, Inc. (NASDAQ:CRAI) Short Interest Update

CRA International, Inc. (NASDAQ:CRAI) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 96,000 shares, a growth of 48.6% from the July 31st total of 64,600 shares. Based on an average daily volume of 60,900 shares, the short-interest ratio is currently 1.6 days. Approximately 1.3% of the company’s stock are short sold.

A number of hedge funds have recently added to or reduced their stakes in CRAI. BNP Paribas Arbitrage SA boosted its stake in CRA International by 360.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,645 shares of the business services provider’s stock worth $83,000 after purchasing an additional 1,288 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in CRA International in the 1st quarter worth approximately $92,000. SG Americas Securities LLC acquired a new stake in CRA International in the 1st quarter worth approximately $116,000. Sawgrass Asset Management LLC acquired a new stake in CRA International in the 1st quarter worth approximately $258,000. Finally, Strs Ohio boosted its stake in CRA International by 7.4% in the 2nd quarter. Strs Ohio now owns 14,500 shares of the business services provider’s stock worth $555,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 84.74% of the company’s stock.

Shares of NASDAQ:CRAI traded up $0.89 during trading on Friday, reaching $42.14. The stock had a trading volume of 2,334 shares, compared to its average volume of 53,899. CRA International has a one year low of $34.24 and a one year high of $55.65. The company has a market capitalization of $315.02 million, a P/E ratio of 15.32, a PEG ratio of 1.15 and a beta of 1.10. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The firm’s 50-day simple moving average is $40.89 and its 200 day simple moving average is $43.20.

CRA International (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. CRA International had a net margin of 4.90% and a return on equity of 11.76%. The business had revenue of $110.60 million for the quarter, compared to analysts’ expectations of $110.95 million. During the same period last year, the business earned $0.67 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that CRA International will post 2.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Monday, August 26th. CRA International’s dividend payout ratio is currently 29.09%.

A number of research analysts have commented on the stock. Barrington Research reissued a “buy” rating and set a $53.00 target price on shares of CRA International in a research report on Friday, August 2nd. TheStreet raised shares of CRA International from a “c+” rating to a “b-” rating in a research report on Tuesday, August 6th. Finally, BidaskClub raised shares of CRA International from a “sell” rating to a “hold” rating in a research report on Friday, June 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $49.50.

CRA International Company Profile

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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