Charles River Associates (NASDAQ:CRAI) Declares Quarterly Dividend of $0.67

Charles River Associates (NASDAQ:CRAI) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, November 24th will be given a dividend of $0.67 per share by the business services provider on Friday, December 11th. This represents a $2.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, November 24th. This is a 17.5% increase from Charles River Associates’s previous quarterly dividend of $0.57.

Charles River Associates has increased its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 7 years. Charles River Associates has a dividend payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Charles River Associates to earn $9.43 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 24.2%.

Charles River Associates Price Performance

Shares of CRAI opened at $202.94 on Friday. The firm’s 50 day moving average is $176.36 and its 200-day moving average is $166.14. Charles River Associates has a 12-month low of $132.17 and a 12-month high of $227.29. The stock has a market capitalization of $1.27 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.44 and a beta of 0.64.

Charles River Associates (NASDAQ:CRAI) last released its earnings results on Thursday, November 5th. The business services provider reported $2.19 EPS for the quarter, beating the consensus estimate of $2.07 by $0.12. The business had revenue of $214.92 million during the quarter, compared to analyst estimates of $199.04 million. Charles River Associates had a net margin of 6.20% and a return on equity of 27.31%. As a group, equities research analysts forecast that Charles River Associates will post 8.43 EPS for the current fiscal year.

Insider Transactions at Charles River Associates

In other Charles River Associates news, EVP Jonathan Yellin sold 2,250 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $173.25, for a total transaction of $389,812.50. Following the completion of the sale, the executive vice president directly owned 11,153 shares of the company’s stock, valued at approximately $1,932,257.25. This represents a 16.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CRAI. BlackRock Inc. purchased a new position in Charles River Associates during the 2nd quarter worth approximately $91,500,000. Jupiter Topco LLC acquired a new stake in Charles River Associates during the 2nd quarter valued at $19,965,000. Rice Hall James & Associates LLC acquired a new stake in Charles River Associates during the 2nd quarter valued at $11,066,000. United Capital Financial Advisors LLC purchased a new stake in shares of Charles River Associates in the second quarter valued at $5,959,000. Finally, Weber Capital Management LLC ADV purchased a new stake in shares of Charles River Associates in the second quarter valued at $5,351,334. 84.13% of the stock is owned by hedge funds and other institutional investors.

Charles River Associates Company Profile

Charles River Associates, operating as CRA International, Inc, is a global consulting firm that provides economic, financial, and management consulting services. The company advises corporations, law firms, government agencies, and other organizations on complex business, legal, regulatory, and strategic matters.

CRA’s services include economic and financial analysis for litigation and regulatory proceedings, antitrust and competition consulting, corporate strategy, business performance improvement, and investigations.