PDT Partners LLC Buys Shares of 32,751 Charles River Associates $CRAI

PDT Partners LLC bought a new position in Charles River Associates (NASDAQ:CRAI) during the 2nd quarter, HoldingsChannel reports. The firm bought 32,751 shares of the business services provider’s stock, valued at approximately $4,660,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRAI. Jones Financial Companies Lllp acquired a new position in shares of Charles River Associates in the 1st quarter valued at $27,000. Allworth Financial LP acquired a new stake in Charles River Associates during the 2nd quarter worth $35,000. Quantbot Technologies LP acquired a new stake in Charles River Associates during the 2nd quarter worth $53,000. Persistent Asset Partners Ltd bought a new position in Charles River Associates during the second quarter worth about $55,000. Finally, State of Wyoming bought a new position in Charles River Associates during the second quarter worth about $74,000. 84.13% of the stock is owned by institutional investors.

Charles River Associates Stock Down 2.1%

Shares of CRAI stock opened at $171.88 on Wednesday. The firm has a fifty day moving average of $163.57 and a 200-day moving average of $159.45. Charles River Associates has a 12-month low of $132.17 and a 12-month high of $227.29. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 1.30 and a beta of 0.66.

Charles River Associates (NASDAQ:CRAI) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $2.16 EPS for the quarter, beating the consensus estimate of $2.15 by $0.01. The business had revenue of $210.81 million for the quarter, compared to analysts’ expectations of $198.91 million. Charles River Associates had a net margin of 6.20% and a return on equity of 27.31%. On average, equities analysts expect that Charles River Associates will post 8.42 EPS for the current year.

Charles River Associates Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, August 25th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. Charles River Associates’s dividend payout ratio (DPR) is currently 30.36%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Charles River Associates in a report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.00.

Charles River Associates Profile

Charles River Associates (NASDAQ: CRAI) is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients’ needs.

The firm’s service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.