Foundry Partners LLC Acquires 10,455 Shares of CRA International, Inc. (NASDAQ:CRAI)

Foundry Partners LLC raised its holdings in CRA International, Inc. (NASDAQ:CRAI) by 56.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,115 shares of the business services provider’s stock after purchasing an additional 10,455 shares during the period. Foundry Partners LLC owned approximately 0.43% of CRA International worth $5,450,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CRAI. Geode Capital Management LLC raised its position in shares of CRA International by 1.0% in the third quarter. Geode Capital Management LLC now owns 161,208 shares of the business services provider’s stock valued at $28,268,000 after buying an additional 1,559 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in CRA International by 41.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 78,136 shares of the business services provider’s stock worth $13,699,000 after acquiring an additional 23,078 shares during the period. BNP Paribas Financial Markets raised its holdings in CRA International by 102.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,348 shares of the business services provider’s stock valued at $938,000 after acquiring an additional 2,700 shares in the last quarter. Summit Global Investments acquired a new position in CRA International in the 4th quarter valued at $656,000. Finally, Farther Finance Advisors LLC lifted its position in shares of CRA International by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock valued at $640,000 after acquiring an additional 108 shares during the period. Institutional investors own 84.13% of the company’s stock.

CRA International Trading Down 1.1 %

Shares of CRA International stock opened at $165.78 on Friday. The company has a 50 day moving average of $184.80 and a 200-day moving average of $185.96. The company has a market cap of $1.13 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.75 and a beta of 0.96. CRA International, Inc. has a 1-year low of $133.54 and a 1-year high of $214.01.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.44. CRA International had a return on equity of 25.95% and a net margin of 6.79%. The company had revenue of $176.44 million for the quarter, compared to analyst estimates of $166.29 million. Research analysts forecast that CRA International, Inc. will post 7.52 earnings per share for the current year.

CRA International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, March 4th. CRA International’s dividend payout ratio (DPR) is presently 29.08%.

Insider Buying and Selling

In other news, CEO Paul A. Maleh sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $176.28, for a total value of $1,322,100.00. Following the completion of the transaction, the chief executive officer now owns 142,022 shares of the company’s stock, valued at $25,035,638.16. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan D. Yellin sold 1,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $190.51, for a total transaction of $333,392.50. Following the completion of the transaction, the executive vice president now owns 19,063 shares of the company’s stock, valued at approximately $3,631,692.13. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,850 shares of company stock worth $3,902,083 in the last three months. 5.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Barrington Research raised their price target on CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, February 24th.

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.