Isthmus Partners LLC Has $46,000 Position in CRA International, Inc. (NASDAQ:CRAI)

Isthmus Partners LLC trimmed its holdings in shares of CRA International, Inc. (NASDAQ:CRAI) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,824 shares of the business services provider’s stock after selling 1,851 shares during the quarter. Isthmus Partners LLC’s holdings in CRA International were worth $46,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CRAI. Swedbank AB bought a new position in shares of CRA International during the 1st quarter worth $26,924,000. Bank of New York Mellon Corp lifted its position in CRA International by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,153 shares of the business services provider’s stock valued at $10,532,000 after acquiring an additional 1,705 shares in the last quarter. Russell Investments Group Ltd. increased its position in CRA International by 21.9% during the first quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock valued at $1,590,000 after acquiring an additional 1,912 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of CRA International by 2.0% during the 4th quarter. BNP Paribas Financial Markets now owns 10,284 shares of the business services provider’s stock valued at $1,017,000 after purchasing an additional 206 shares during the period. Finally, Dearborn Partners LLC increased its holdings in shares of CRA International by 22.2% in the first quarter. Dearborn Partners LLC now owns 9,673 shares of the business services provider’s stock worth $1,447,000 after purchasing an additional 1,757 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors.

CRA International Price Performance

Shares of CRAI stock traded down $5.27 during trading on Friday, reaching $158.40. The company’s stock had a trading volume of 18,143 shares, compared to its average volume of 37,719. CRA International, Inc. has a 1-year low of $81.29 and a 1-year high of $187.10. The stock’s 50-day moving average price is $167.43 and its 200 day moving average price is $158.42. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 1.52 and a beta of 1.15.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.34. The firm had revenue of $171.44 million for the quarter, compared to the consensus estimate of $167.87 million. CRA International had a return on equity of 22.37% and a net margin of 6.17%. During the same period in the previous year, the business earned $1.42 earnings per share. On average, sell-side analysts anticipate that CRA International, Inc. will post 6.93 EPS for the current fiscal year.

CRA International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, August 27th. CRA International’s payout ratio is 27.45%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $186.00 target price on shares of CRA International in a research report on Tuesday, June 11th.

Insider Buying and Selling

In other news, CEO Paul A. Maleh sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $158.33, for a total transaction of $1,187,475.00. Following the completion of the sale, the chief executive officer now directly owns 159,212 shares of the company’s stock, valued at approximately $25,208,035.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total value of $1,187,475.00. Following the sale, the chief executive officer now owns 159,212 shares of the company’s stock, valued at approximately $25,208,035.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan D. Yellin sold 1,250 shares of CRA International stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.26, for a total value of $197,825.00. Following the completion of the transaction, the executive vice president now owns 20,361 shares of the company’s stock, valued at approximately $3,222,331.86. The disclosure for this sale can be found here. Insiders sold 10,750 shares of company stock valued at $1,695,720 in the last three months. 5.20% of the stock is currently owned by corporate insiders.

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.