Isthmus Partners LLC Sells 150 Shares of CRA International, Inc. (NASDAQ:CRAI)

Isthmus Partners LLC reduced its stake in shares of CRA International, Inc. (NASDAQ:CRAI) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,919 shares of the business services provider’s stock after selling 150 shares during the period. Isthmus Partners LLC owned approximately 0.31% of CRA International worth $3,916,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CRAI. Quantbot Technologies LP bought a new stake in shares of CRA International in the third quarter worth about $164,000. Harbor Capital Advisors Inc. grew its holdings in shares of CRA International by 4.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,245 shares of the business services provider’s stock valued at $607,000 after buying an additional 150 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of CRA International by 102.0% during the third quarter. BNP Paribas Financial Markets now owns 5,348 shares of the business services provider’s stock valued at $938,000 after buying an additional 2,700 shares during the last quarter. Martingale Asset Management L P increased its position in shares of CRA International by 20.6% during the third quarter. Martingale Asset Management L P now owns 8,535 shares of the business services provider’s stock valued at $1,496,000 after acquiring an additional 1,460 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in CRA International by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock worth $3,271,000 after acquiring an additional 180 shares during the last quarter. 84.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research lifted their price target on shares of CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a research note on Monday, February 24th.

CRA International Trading Up 0.4 %

NASDAQ CRAI opened at $186.06 on Monday. CRA International, Inc. has a 12 month low of $133.54 and a 12 month high of $214.01. The stock’s 50 day moving average is $188.03 and its 200 day moving average is $184.46. The stock has a market cap of $1.26 billion, a PE ratio of 27.61, a P/E/G ratio of 1.75 and a beta of 1.09.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.44. The company had revenue of $176.44 million for the quarter, compared to analysts’ expectations of $166.29 million. CRA International had a net margin of 6.79% and a return on equity of 25.95%. On average, analysts forecast that CRA International, Inc. will post 7.52 EPS for the current fiscal year.

CRA International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.49 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.05%. CRA International’s dividend payout ratio is currently 29.08%.

Insider Buying and Selling at CRA International

In other CRA International news, EVP Jonathan D. Yellin sold 1,750 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $190.51, for a total value of $333,392.50. Following the sale, the executive vice president now owns 19,063 shares of the company’s stock, valued at $3,631,692.13. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul A. Maleh sold 2,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $199.37, for a total value of $398,740.00. Following the completion of the transaction, the chief executive officer now owns 153,806 shares in the company, valued at approximately $30,664,302.22. The trade was a 1.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,350 shares of company stock worth $2,394,183. Corporate insiders own 5.20% of the company’s stock.

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.