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

Charles River Associates (NASDAQ:CRAI) EVP Jonathan Yellin sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $182.27, for a total value of $410,107.50. Following the transaction, the executive vice president owned 14,046 shares of the company’s stock, valued at $2,560,164.42. This trade represents a 13.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Charles River Associates Price Performance

Shares of NASDAQ:CRAI opened at $173.17 on Tuesday. The business’s fifty day moving average price is $188.58 and its two-hundred day moving average price is $190.75. Charles River Associates has a fifty-two week low of $149.96 and a fifty-two week high of $227.29. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92.

Charles River Associates (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, February 26th. The business services provider reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.01. Charles River Associates had a return on equity of 26.15% and a net margin of 7.29%.The company had revenue of $196.96 million during the quarter, compared to analysts’ expectations of $190.54 million. Research analysts expect that Charles River Associates will post 7.52 EPS for the current fiscal year.

Charles River Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Charles River Associates’s dividend payout ratio (DPR) is currently 28.04%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CRAI. Jones Financial Companies Lllp bought a new stake in Charles River Associates during the 1st quarter worth about $27,000. CSM Advisors LLC acquired a new stake in Charles River Associates in the 2nd quarter valued at about $4,923,000. Geode Capital Management LLC raised its stake in shares of Charles River Associates by 1.9% in the second quarter. Geode Capital Management LLC now owns 171,401 shares of the business services provider’s stock worth $32,120,000 after acquiring an additional 3,138 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Charles River Associates by 2.7% in the second quarter. Rhumbline Advisers now owns 13,049 shares of the business services provider’s stock worth $2,445,000 after acquiring an additional 343 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Charles River Associates by 259.5% during the second quarter. Quantbot Technologies LP now owns 7,482 shares of the business services provider’s stock worth $1,402,000 after purchasing an additional 5,401 shares in the last quarter. 84.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CRAI. Wall Street Zen cut shares of Charles River Associates from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Charles River Associates in a research note on Monday, December 29th. Finally, Barrington Research reissued an “outperform” rating and issued a $245.00 target price on shares of Charles River Associates in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Charles River Associates currently has an average rating of “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.