Foundry Partners LLC Has $3.27 Million Position in CRA International, Inc. (NASDAQ:CRAI)

Foundry Partners LLC raised its holdings in CRA International, Inc. (NASDAQ:CRAI) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,660 shares of the business services provider’s stock after purchasing an additional 180 shares during the quarter. Foundry Partners LLC’s holdings in CRA International were worth $3,271,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Harbor Capital Advisors Inc. boosted its holdings in shares of CRA International by 2.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock valued at $543,000 after purchasing an additional 86 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in shares of CRA International by 48.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,460 shares of the business services provider’s stock valued at $782,000 after acquiring an additional 1,460 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of CRA International in the 3rd quarter valued at $573,000. Marshall Wace LLP bought a new position in shares of CRA International in the 2nd quarter valued at $221,000. Finally, Prime Capital Investment Advisors LLC lifted its stake in shares of CRA International by 34.9% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 9,870 shares of the business services provider’s stock valued at $1,700,000 after acquiring an additional 2,551 shares during the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CRAI. Barrington Research increased their price target on CRA International from $194.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. StockNews.com cut CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

CRA International Stock Down 1.7 %

Shares of NASDAQ:CRAI opened at $189.33 on Friday. The firm has a market cap of $1.28 billion, a P/E ratio of 30.64, a P/E/G ratio of 1.68 and a beta of 1.13. CRA International, Inc. has a 12-month low of $92.07 and a 12-month high of $208.38. The business has a fifty day simple moving average of $184.32 and a 200 day simple moving average of $174.24.

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

CRA International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 26th will be given a dividend of $0.49 per share. This is a positive change from CRA International’s previous quarterly dividend of $0.42. This represents a $1.96 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, November 26th. CRA International’s dividend payout ratio (DPR) is currently 27.18%.

Insider Transactions at CRA International

In other news, CEO Paul A. Maleh sold 7,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $191.55, for a total value of $1,436,625.00. Following the completion of the sale, the chief executive officer now directly owns 151,712 shares in the company, valued at $29,060,433.60. This trade represents a 4.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.20% of the company’s stock.

About CRA International

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.