Isthmus Partners LLC Decreases Stock Position in CRA International, Inc. (NASDAQ:CRAI)

Isthmus Partners LLC lowered its position in shares of CRA International, Inc. (NASDAQ:CRAI - Free Report) by 21.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,069 shares of the business services provider's stock after selling 5,755 shares during the quarter. Isthmus Partners LLC owned about 0.31% of CRA International worth $3,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CRAI. Kennedy Capital Management LLC boosted its position in shares of CRA International by 3.6% in the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider's stock worth $497,000 after purchasing an additional 117 shares in the last quarter. Swedbank AB bought a new stake in CRA International in the first quarter worth $26,924,000. Harbor Capital Advisors Inc. grew its stake in shares of CRA International by 12.1% in the second quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider's stock worth $518,000 after acquiring an additional 324 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of CRA International by 2.9% during the second 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. Finally, Arkadios Wealth Advisors raised its position in shares of CRA International by 2.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider's stock worth $517,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 84.13% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on CRAI shares. StockNews.com downgraded shares of CRA International from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Barrington Research raised their price target on shares of CRA International from $194.00 to $212.00 and gave the company an "outperform" rating in a research report on Friday, November 8th.

Insider Activity

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $191.55, for a total transaction of $1,436,625.00. Following the sale, the chief executive officer now owns 151,712 shares in the company, valued at approximately $29,060,433.60. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.20% of the company's stock.

CRA International Price Performance

CRA International stock traded up $0.89 during mid-day trading on Friday, reaching $195.03. 15,475 shares of the stock traded hands, compared to its average volume of 37,164. CRA International, Inc. has a 12-month low of $92.07 and a 12-month high of $208.38. The business's 50-day moving average is $187.17 and its 200-day moving average is $175.37. The stock has a market capitalization of $1.32 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13.

CRA International (NASDAQ:CRAI - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.58 by $0.19. The firm had revenue of $167.75 million during the quarter, compared to analyst estimates of $166.83 million. CRA International had a net margin of 6.41% and a return on equity of 24.46%. During the same quarter in the prior year, the firm earned $1.13 EPS. Equities analysts anticipate that CRA International, Inc. will post 7.15 EPS for the current fiscal year.

CRA International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Tuesday, November 26th. This is a boost from CRA International's previous quarterly dividend of $0.42. CRA International's dividend payout ratio (DPR) is currently 31.72%.

About CRA International

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.