Spinnaker Trust Invests $1.95 Million in CRA International, Inc. (NASDAQ:CRAI)

Spinnaker Trust purchased a new position in CRA International, Inc. (NASDAQ:CRAI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,761 shares of the business services provider’s stock, valued at approximately $1,953,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Foundry Partners LLC increased its stake in CRA International by 7.5% in the 4th quarter. Foundry Partners LLC now owns 46,555 shares of the business services provider’s stock worth $4,602,000 after buying an additional 3,245 shares during the period. Harbor Capital Advisors Inc. increased its stake in CRA International by 12.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,615 shares of the business services provider’s stock worth $456,000 after buying an additional 519 shares during the period. Finally, Dearborn Partners LLC increased its stake in CRA International by 46.2% in the 3rd quarter. Dearborn Partners LLC now owns 7,928 shares of the business services provider’s stock worth $799,000 after buying an additional 2,504 shares during the period. Hedge funds and other institutional investors own 84.13% of the company’s stock.

CRA International Trading Up 1.8 %

Shares of NASDAQ:CRAI traded up $2.69 during trading on Friday, reaching $149.71. The stock had a trading volume of 21,599 shares, compared to its average volume of 25,583. CRA International, Inc. has a one year low of $81.29 and a one year high of $153.09. The company has a market capitalization of $1.04 billion, a P/E ratio of 27.72, a PEG ratio of 1.56 and a beta of 1.22. The firm’s 50-day simple moving average is $138.74 and its 200 day simple moving average is $113.45.

CRA International (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.53. CRA International had a net margin of 6.17% and a return on equity of 19.01%. The business had revenue of $161.61 million for the quarter, compared to analysts’ expectations of $149.51 million. Equities research analysts forecast that CRA International, Inc. will post 5.88 earnings per share for the current fiscal year.

CRA International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Monday, March 11th. CRA International’s dividend payout ratio is currently 31.11%.

Insider Activity

In related news, Director Thomas Aiken Avery sold 1,000 shares of CRA International stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $138.05, for a total value of $138,050.00. Following the completion of the sale, the director now directly owns 15,504 shares in the company, valued at approximately $2,140,327.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $138.66, for a total transaction of $1,039,950.00. Following the completion of the sale, the chief executive officer now directly owns 170,280 shares in the company, valued at approximately $23,611,024.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas Aiken Avery sold 1,000 shares of CRA International stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $138.05, for a total transaction of $138,050.00. Following the sale, the director now owns 15,504 shares of the company’s stock, valued at $2,140,327.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,750 shares of company stock worth $1,487,085. Corporate insiders own 5.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CRA International from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 4th.

CRA International 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.