Kennedy Capital Management LLC Sells 1,594 Shares of CRA International, Inc. (NASDAQ:CRAI)

Kennedy Capital Management LLC trimmed its position in CRA International, Inc. (NASDAQ:CRAI) by 40.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,372 shares of the business services provider’s stock after selling 1,594 shares during the quarter. Kennedy Capital Management LLC’s holdings in CRA International were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in CRA International during the fourth quarter valued at about $281,000. Harbor Capital Advisors Inc. lifted its position in shares of CRA International by 4.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,245 shares of the business services provider’s stock worth $607,000 after purchasing an additional 150 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in CRA International by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock valued at $640,000 after purchasing an additional 108 shares during the period. Summit Global Investments acquired a new stake in CRA International in the 4th quarter valued at approximately $656,000. Finally, Foundry Partners LLC increased its position in CRA International by 56.0% in the 4th quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider’s stock worth $5,450,000 after buying an additional 10,455 shares during the period. 84.13% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Thomas Aiken Avery sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $199.05, for a total transaction of $199,050.00. Following the completion of the transaction, the director now owns 14,669 shares in the company, valued at $2,919,864.45. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul A. Maleh sold 2,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 153,806 shares in the company, valued at approximately $30,664,302.22. This represents a 1.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,850 shares of company stock worth $3,902,083. Corporate insiders own 5.20% of the company’s stock.

CRA International Stock Performance

Shares of CRAI opened at $166.83 on Wednesday. The company has a 50-day simple moving average of $181.28 and a 200-day simple moving average of $185.88. CRA International, Inc. has a 52 week low of $133.54 and a 52 week high of $214.01. The firm has a market capitalization of $1.13 billion, a P/E ratio of 24.75, a P/E/G ratio of 1.75 and a beta of 0.96.

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

CRA International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Tuesday, March 4th. CRA International’s payout ratio is 29.08%.

Analyst Ratings Changes

Separately, Barrington Research increased their price objective on CRA International from $212.00 to $224.00 and gave the company an “outperform” rating in a research report on Monday, February 24th.

CRA International Company 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.