CRA International, Inc. (NASDAQ:CRAI) was the target of a significant growth in short interest in the month of April. As of April 28th, there was short interest totalling 90,283 shares, a growth of 16.8% from the April 13th total of 77,269 shares. Based on an average daily trading volume, of 39,648 shares, the short-interest ratio is presently 2.3 days.
Separately, Zacks Investment Research lowered shares of CRA International from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th.
Several large investors have recently made changes to their positions in CRAI. Emerald Acquisition Ltd. boosted its stake in shares of CRA International by 6.7% in the third quarter. Emerald Acquisition Ltd. now owns 125,188 shares of the business services provider’s stock valued at $3,328,000 after buying an additional 7,873 shares during the last quarter. State Street Corp boosted its stake in shares of CRA International by 1.5% in the fourth quarter. State Street Corp now owns 156,775 shares of the business services provider’s stock valued at $5,736,000 after buying an additional 2,329 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of CRA International by 82.5% in the fourth quarter. Martingale Asset Management L P now owns 50,923 shares of the business services provider’s stock valued at $1,864,000 after buying an additional 23,023 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of CRA International during the fourth quarter valued at $6,279,000. Finally, Acrospire Investment Management LLC boosted its stake in shares of CRA International by 44.9% in the third quarter. Acrospire Investment Management LLC now owns 4,518 shares of the business services provider’s stock valued at $120,000 after buying an additional 1,400 shares during the last quarter. 85.44% of the stock is owned by hedge funds and other institutional investors.
Shares of CRA International (NASDAQ:CRAI) remained flat at $33.47 during mid-day trading on Friday. The stock had a trading volume of 35,317 shares. The firm has a 50-day moving average price of $35.88 and a 200-day moving average price of $34.76. CRA International has a 52 week low of $22.48 and a 52 week high of $40.00. The firm has a market cap of $286.97 million, a price-to-earnings ratio of 21.54 and a beta of 0.78.
CRA International (NASDAQ:CRAI) last issued its earnings results on Thursday, May 4th. The business services provider reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.04. The company had revenue of $88.17 million during the quarter, compared to the consensus estimate of $84.35 million. CRA International had a return on equity of 4.62% and a net margin of 3.00%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts expect that CRA International will post $1.50 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Monday, May 29th will be given a $0.14 dividend. The ex-dividend date is Wednesday, May 24th. This represents a $0.56 annualized dividend and a dividend yield of 1.67%. CRA International’s payout ratio is presently 51.38%.
About CRA International
CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. The Company consulting services in two areas: litigation, regulatory, and financial consulting and management consulting. The Company provides services, such as economic capability, analyses and testimony in areas, such as Antitrust & Competition; Damages & Valuation; Financial Accounting & Valuation; Financial Economics; Forensic & Cyber Investigations; Insurance Economics; Intellectual Property; International Arbitration; Labor & Employment; Mergers & Acquisitions; Regulatory Economics & Compliance; Securities & Financial Markets, and Transfer Pricing.
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