Paul A. Maleh Sells 2,000 Shares of CRA International, Inc. (NASDAQ:CRAI) Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $199.37, for a total value of $398,740.00. Following the sale, the chief executive officer now directly owns 153,806 shares of the company’s stock, valued at $30,664,302.22. This represents a 1.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

CRA International Stock Performance

CRA International stock opened at $194.59 on Thursday. The company has a market capitalization of $1.32 billion, a PE ratio of 28.87, a P/E/G ratio of 1.75 and a beta of 1.13. The company has a 50 day moving average price of $187.72 and a 200-day moving average price of $182.79. CRA International, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $214.01.

CRA International (NASDAQ:CRAI) last issued its earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.44. CRA International had a return on equity of 25.95% and a net margin of 6.79%. The business had revenue of $176.44 million during the quarter, compared to analyst estimates of $166.29 million. On average, analysts forecast that CRA International, Inc. will post 7.52 earnings per share for the current year.

CRA International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, March 4th. CRA International’s dividend payout ratio (DPR) is presently 29.08%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CRAI shares. StockNews.com lowered CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barrington Research raised their price target on shares of CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a research note on Monday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRAI. Quantbot Technologies LP bought a new stake in shares of CRA International in the 3rd quarter valued at about $164,000. Ameriprise Financial Inc. purchased a new position in CRA International during the fourth quarter valued at approximately $249,000. KLP Kapitalforvaltning AS bought a new position in CRA International in the fourth quarter worth approximately $281,000. Harbor Capital Advisors Inc. lifted its holdings in CRA International by 2.9% during the third quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock worth $543,000 after buying an additional 86 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in CRA International by 3.3% during the fourth quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock worth $640,000 after buying an additional 108 shares during the period. 84.13% of the stock is currently owned by institutional investors.

About CRA International

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.