Rhumbline Advisers Grows Stake in CRA International, Inc. (NASDAQ:CRAI)

Rhumbline Advisers lifted its holdings in shares of CRA International, Inc. (NASDAQ:CRAI) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,706 shares of the business services provider’s stock after buying an additional 205 shares during the quarter. Rhumbline Advisers owned about 0.19% of CRA International worth $2,201,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CRAI. Ameriprise Financial Inc. bought a new stake in CRA International during the 4th quarter worth approximately $249,000. KLP Kapitalforvaltning AS bought a new stake in CRA International during the 4th quarter worth approximately $281,000. Farther Finance Advisors LLC increased its holdings in CRA International by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock worth $640,000 after acquiring an additional 108 shares during the period. Summit Global Investments bought a new stake in CRA International during the 4th quarter worth approximately $656,000. Finally, MetLife Investment Management LLC increased its holdings in shares of CRA International by 6.7% in the 4th quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider’s stock worth $745,000 after buying an additional 250 shares during the last quarter. 84.13% of the stock is currently owned by hedge funds and other institutional investors.

CRA International Stock Performance

NASDAQ:CRAI opened at $182.80 on Tuesday. The firm has a market cap of $1.24 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.75 and a beta of 0.93. CRA International, Inc. has a fifty-two week low of $133.54 and a fifty-two week high of $214.01. The firm has a 50-day simple moving average of $178.49 and a two-hundred day simple moving average of $182.73.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.29. CRA International had a net margin of 6.79% and a return on equity of 25.95%. The firm had revenue of $181.85 million during the quarter, compared to analyst estimates of $176.63 million. On average, equities research analysts predict that CRA International, Inc. will post 7.52 EPS for the current year.

CRA International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, May 27th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Tuesday, May 27th. CRA International’s payout ratio is 26.45%.

Insider Activity

In related news, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $190.62, for a total value of $1,429,650.00. Following the sale, the chief executive officer now owns 141,545 shares of the company’s stock, valued at approximately $26,981,307.90. This trade represents a 5.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan D. Yellin sold 1,750 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $188.46, for a total transaction of $329,805.00. Following the transaction, the executive vice president now owns 19,073 shares of the company’s stock, valued at $3,594,497.58. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research increased their target price on shares of CRA International from $224.00 to $228.00 and gave the company an “outperform” rating in a report on Wednesday, May 21st.

CRA International Company Profile

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.