Charles River Associates $CRAI Stock Holdings Boosted by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in Charles River Associates (NASDAQ:CRAI) by 86.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 105,339 shares of the business services provider’s stock after purchasing an additional 48,892 shares during the quarter. SG Americas Securities LLC owned about 1.60% of Charles River Associates worth $17,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Charles River Associates in the 1st quarter worth about $27,000. Entropy Technologies LP bought a new stake in shares of Charles River Associates during the fourth quarter valued at approximately $401,000. Russell Investments Group Ltd. raised its holdings in shares of Charles River Associates by 8.2% during the fourth quarter. Russell Investments Group Ltd. now owns 4,180 shares of the business services provider’s stock valued at $839,000 after buying an additional 318 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Charles River Associates by 3.1% during the fourth quarter. Arkadios Wealth Advisors now owns 4,388 shares of the business services provider’s stock worth $881,000 after buying an additional 134 shares during the period. Finally, Kennedy Capital Management LLC boosted its position in shares of Charles River Associates by 1.2% during the fourth quarter. Kennedy Capital Management LLC now owns 6,489 shares of the business services provider’s stock worth $1,302,000 after buying an additional 79 shares during the period. 84.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CRAI. Barrington Research reiterated an “outperform” rating and set a $245.00 price target on shares of Charles River Associates in a research report on Monday, March 2nd. Weiss Ratings lowered Charles River Associates from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.00.

Insider Activity

In other news, EVP Jonathan D. Yellin sold 2,250 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $147.72, for a total value of $332,370.00. Following the sale, the executive vice president owned 13,247 shares of the company’s stock, valued at approximately $1,956,846.84. The trade was a 14.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.50% of the company’s stock.

Charles River Associates Trading Down 1.0%

Shares of NASDAQ:CRAI opened at $142.97 on Friday. The company has a 50 day moving average of $147.57 and a 200-day moving average of $170.72. The firm has a market cap of $923.59 million, a P/E ratio of 19.86, a P/E/G ratio of 1.06 and a beta of 0.69. Charles River Associates has a twelve month low of $132.17 and a twelve month high of $227.29.

Charles River Associates (NASDAQ:CRAI) last posted its quarterly earnings data on Thursday, May 7th. The business services provider reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.03). Charles River Associates had a net margin of 6.22% and a return on equity of 26.02%. The company had revenue of $200.97 million for the quarter, compared to analyst estimates of $193.81 million. Equities research analysts forecast that Charles River Associates will post 8.52 EPS for the current year.

Charles River Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.57 per share. The ex-dividend date was Tuesday, May 26th. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. Charles River Associates’s dividend payout ratio (DPR) is 31.67%.

Charles River Associates Profile

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.