Prime Capital Investment Advisors LLC Sells 3,805 Shares of CRA International, Inc. (NASDAQ:CRAI)

Prime Capital Investment Advisors LLC reduced its stake in CRA International, Inc. (NASDAQ:CRAI) by 38.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,065 shares of the business services provider’s stock after selling 3,805 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in CRA International were worth $1,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRAI. SG Americas Securities LLC acquired a new stake in shares of CRA International in the first quarter worth $115,000. Marshall Wace LLP acquired a new position in CRA International during the 2nd quarter worth $221,000. Kennedy Capital Management LLC boosted its holdings in CRA International by 3.6% during the first quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 117 shares during the period. Arkadios Wealth Advisors grew its position in shares of CRA International by 2.5% in the second quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock valued at $517,000 after purchasing an additional 74 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of CRA International by 12.1% in the second quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock worth $518,000 after purchasing an additional 324 shares during the period. Institutional investors and hedge funds own 84.13% of the company’s stock.

CRA International Stock Performance

Shares of CRAI opened at $189.25 on Friday. CRA International, Inc. has a 52 week low of $92.07 and a 52 week high of $208.38. The firm has a market capitalization of $1.28 billion, a P/E ratio of 30.62, a P/E/G ratio of 1.77 and a beta of 1.13. The company has a 50-day simple moving average of $181.32 and a 200-day simple moving average of $172.88.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.19. The company had revenue of $167.75 million during the quarter, compared to the consensus estimate of $166.83 million. CRA International had a return on equity of 24.46% and a net margin of 6.41%. During the same quarter last year, the company earned $1.13 EPS. As a group, equities analysts forecast that CRA International, Inc. will post 7.08 earnings per share for the current year.

CRA International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, November 26th will be paid a $0.49 dividend. This is a boost from CRA International’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.04%. CRA International’s dividend payout ratio is currently 27.18%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com downgraded CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barrington Research raised their price objective on shares of CRA International from $194.00 to $212.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

Insider Transactions at CRA International

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total transaction of $1,187,475.00. Following the completion of the transaction, the chief executive officer now owns 159,212 shares in the company, valued at $25,208,035.96. This trade represents a 4.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is owned by insiders.

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.