Bridge City Capital LLC Reduces Stock Position in CRA International, Inc. (NASDAQ:CRAI)

Bridge City Capital LLC decreased its position in CRA International, Inc. (NASDAQ:CRAI) by 2.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,212 shares of the business services provider’s stock after selling 128 shares during the period. Bridge City Capital LLC owned 0.06% of CRA International worth $730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. United Capital Financial Advisors LLC acquired a new stake in shares of CRA International in the 4th quarter worth $9,389,000. Foundry Partners LLC grew its holdings in CRA International by 56.0% in the fourth quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider’s stock valued at $5,450,000 after purchasing an additional 10,455 shares during the period. Rhumbline Advisers boosted its holdings in CRA International by 1.6% in the 1st quarter. Rhumbline Advisers now owns 12,706 shares of the business services provider’s stock worth $2,201,000 after buying an additional 205 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of CRA International by 28,517.4% in the first quarter. GAMMA Investing LLC now owns 6,582 shares of the business services provider’s stock worth $1,140,000 after buying an additional 6,559 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in CRA International by 6.7% in the 4th quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider’s stock valued at $745,000 after buying an additional 250 shares in the last quarter. Institutional investors own 84.13% of the company’s stock.

Insider Activity at CRA International

In other news, EVP Jonathan D. Yellin sold 1,750 shares of CRA International stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $188.46, for a total value of $329,805.00. Following the completion of the sale, the executive vice president now directly owns 19,073 shares in the company, valued at approximately $3,594,497.58. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Paul A. Maleh sold 7,500 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $190.62, for a total value of $1,429,650.00. Following the sale, the chief executive officer now directly owns 141,545 shares in the company, valued at approximately $26,981,307.90. This trade represents a 5.03% decrease in their position. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Barrington Research lifted their price objective on CRA International from $224.00 to $228.00 and gave the company an “outperform” rating in a research note on Wednesday, May 21st.

CRA International Stock Up 0.6%

NASDAQ:CRAI opened at $189.08 on Monday. CRA International, Inc. has a fifty-two week low of $133.54 and a fifty-two week high of $214.01. The firm’s 50 day moving average is $176.20 and its two-hundred day moving average is $183.18. The company has a market cap of $1.29 billion, a P/E ratio of 28.05, a P/E/G ratio of 1.75 and a beta of 0.93.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.29. CRA International had a return on equity of 25.95% and a net margin of 6.79%. The business had revenue of $181.85 million for the quarter, compared to analysts’ expectations of $176.63 million. Research analysts forecast that CRA International, Inc. will post 7.52 earnings per share for the current fiscal year.

CRA International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, May 27th. CRA International’s dividend payout ratio is 26.45%.

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.