Jonathan Yellin Sells 2,250 Shares of Charles River Associates (NASDAQ:CRAI) Stock

Charles River Associates (NASDAQ:CRAI) EVP Jonathan Yellin sold 2,250 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $147.72, for a total transaction of $332,370.00. Following the completion of the sale, the executive vice president directly owned 13,247 shares of the company’s stock, valued at $1,956,846.84. This trade represents a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles River Associates Price Performance

NASDAQ CRAI opened at $147.39 on Friday. The company has a 50 day simple moving average of $155.24 and a 200-day simple moving average of $177.01. The firm has a market capitalization of $952.14 million, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. Charles River Associates has a 52-week low of $132.17 and a 52-week high of $227.29.

Charles River Associates (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.03). The business had revenue of $200.98 million for the quarter, compared to the consensus estimate of $193.81 million. Charles River Associates had a net margin of 6.22% and a return on equity of 26.02%. On average, analysts predict that Charles River Associates will post 8.48 EPS for the current year.

Charles River Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Tuesday, May 26th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, May 26th. Charles River Associates’s dividend payout ratio (DPR) is presently 31.67%.

Hedge Funds Weigh In On Charles River Associates

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp bought a new position in shares of Charles River Associates in the first quarter valued at approximately $27,000. Entropy Technologies LP bought a new position in shares of Charles River Associates in the fourth quarter valued at approximately $401,000. Russell Investments Group Ltd. raised its position in shares of Charles River Associates by 8.2% in the fourth quarter. Russell Investments Group Ltd. now owns 4,180 shares of the business services provider’s stock valued at $839,000 after purchasing an additional 318 shares during the period. Arkadios Wealth Advisors raised its position in shares of Charles River Associates by 3.1% in the fourth quarter. Arkadios Wealth Advisors now owns 4,388 shares of the business services provider’s stock valued at $881,000 after purchasing an additional 134 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of Charles River Associates by 154.3% in the third quarter. New York State Common Retirement Fund now owns 5,995 shares of the business services provider’s stock valued at $1,250,000 after purchasing an additional 3,638 shares during the period. Institutional investors own 84.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CRAI. Weiss Ratings lowered shares of Charles River Associates from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Barrington Research reaffirmed an “outperform” rating and set a $245.00 price objective on shares of Charles River Associates in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Charles River Associates has an average rating of “Moderate Buy” and a consensus target price of $245.00.

About Charles River Associates

Charles River Associates (NASDAQ: CRAI) is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients’ needs.

The firm’s service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.