Ranger Investment Management L.P. Makes New $15.01 Million Investment in Charles River Associates $CRAI

Ranger Investment Management L.P. bought a new stake in Charles River Associates (NASDAQ:CRAI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 66,182 shares of the business services provider’s stock, valued at approximately $15,009,000.

Several other large investors also recently modified their holdings of CRAI. BlackRock Inc. acquired a new stake in shares of Charles River Associates during the second quarter worth about $91,500,000. Bank of New York Mellon Corp bought a new stake in Charles River Associates during the 2nd quarter worth approximately $69,054,000. SG Americas Securities LLC raised its holdings in Charles River Associates by 86.6% during the 1st quarter. SG Americas Securities LLC now owns 105,339 shares of the business services provider’s stock worth $17,052,000 after buying an additional 48,892 shares during the period. Rice Hall James & Associates LLC acquired a new stake in Charles River Associates during the 2nd quarter worth approximately $11,066,000. Finally, BNP Paribas Financial Markets lifted its stake in Charles River Associates by 140.2% in the fourth quarter. BNP Paribas Financial Markets now owns 44,555 shares of the business services provider’s stock valued at $8,942,000 after buying an additional 26,003 shares in the last quarter. 84.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Charles River Associates Price Performance

Shares of CRAI stock opened at $176.90 on Monday. The company’s fifty day simple moving average is $162.52 and its 200-day simple moving average is $159.54. The firm has a market cap of $1.11 billion, a PE ratio of 23.56, a P/E/G ratio of 1.31 and a beta of 0.66. Charles River Associates has a 12 month low of $132.17 and a 12 month high of $227.29.

Charles River Associates (NASDAQ:CRAI) last announced its earnings results on Thursday, August 6th. The business services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $2.15 by $0.01. The business had revenue of $210.81 million during 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 predict that Charles River Associates will post 8.42 earnings per share for the current fiscal year.

Charles River Associates Dividend Announcement

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

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.