37,606 Shares in Charles River Associates $CRAI Bought by Weber Capital Management LLC ADV

Weber Capital Management LLC ADV bought a new stake in Charles River Associates (NASDAQ:CRAI) during the second quarter, Holdings Channel reports. The institutional investor bought 37,606 shares of the business services provider’s stock, valued at approximately $5,351,334,000. Charles River Associates accounts for approximately 4.6% of Weber Capital Management LLC ADV’s holdings, making the stock its 6th biggest position.

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

Charles River Associates Price Performance

Shares of NASDAQ:CRAI opened at $176.90 on Monday. The stock has a market capitalization of $1.11 billion, a P/E ratio of 23.56, a P/E/G ratio of 1.31 and a beta of 0.66. The business has a 50-day moving average of $162.52 and a two-hundred day moving average of $159.54. Charles River Associates has a fifty-two week low of $132.17 and a fifty-two week high of $227.29.

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

Charles River Associates Announces Dividend

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

Wall Street Analysts Forecast Growth

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

About Charles River Associates

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.