Spinnaker Trust Takes Position in CRA International, Inc. (NASDAQ:CRAI)

Spinnaker Trust purchased a new stake in CRA International, Inc. (NASDAQ:CRAI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,761 shares of the business services provider’s stock, valued at approximately $1,953,000. Spinnaker Trust owned 0.28% of CRA International as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Dearborn Partners LLC raised its stake in CRA International by 46.2% during the 3rd quarter. Dearborn Partners LLC now owns 7,928 shares of the business services provider’s stock worth $799,000 after buying an additional 2,504 shares during the period. Harbor Capital Advisors Inc. raised its stake in CRA International by 12.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,615 shares of the business services provider’s stock worth $456,000 after buying an additional 519 shares during the period. Finally, Foundry Partners LLC raised its stake in CRA International by 7.5% during the 4th quarter. Foundry Partners LLC now owns 46,555 shares of the business services provider’s stock worth $4,602,000 after buying an additional 3,245 shares during the period. Institutional investors and hedge funds own 84.13% of the company’s stock.

Insider Activity

In other news, CEO Paul A. Maleh sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $138.66, for a total value of $1,039,950.00. Following the completion of the transaction, the chief executive officer now owns 170,280 shares in the company, valued at approximately $23,611,024.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Thomas Aiken Avery sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $138.05, for a total value of $138,050.00. Following the completion of the sale, the director now directly owns 15,504 shares in the company, valued at approximately $2,140,327.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Paul A. Maleh sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $138.66, for a total transaction of $1,039,950.00. Following the completion of the sale, the chief executive officer now owns 170,280 shares of the company’s stock, valued at $23,611,024.80. The disclosure for this sale can be found here. Insiders sold 10,750 shares of company stock worth $1,487,085 in the last quarter. Corporate insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised CRA International from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 4th.

CRA International Price Performance

CRAI stock traded up $2.69 during trading hours on Friday, reaching $149.71. 21,599 shares of the stock were exchanged, compared to its average volume of 25,583. The firm’s 50-day moving average is $138.74 and its 200-day moving average is $113.45. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 1.56 and a beta of 1.22. CRA International, Inc. has a 12 month low of $81.29 and a 12 month high of $153.09.

CRA International (NASDAQ:CRAI) last released its earnings results on Thursday, February 29th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.53. The firm had revenue of $161.61 million during the quarter, compared to analysts’ expectations of $149.51 million. CRA International had a return on equity of 19.01% and a net margin of 6.17%. As a group, equities research analysts forecast that CRA International, Inc. will post 5.88 earnings per share for the current year.

CRA International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Monday, March 11th. CRA International’s payout ratio is 31.11%.

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.