Charles River Associates (CRAI) to Issue Quarterly Dividend of $0.57 on March 20th

Charles River Associates (NASDAQ:CRAI) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Tuesday, March 10th will be paid a dividend of 0.57 per share by the business services provider on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 10th.

Charles River Associates has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Charles River Associates has a payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Charles River Associates to earn $7.77 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 29.3%.

Charles River Associates Stock Performance

Charles River Associates stock opened at $172.66 on Friday. Charles River Associates has a 52 week low of $149.96 and a 52 week high of $227.29. The firm has a market capitalization of $1.13 billion, a PE ratio of 21.24, a PEG ratio of 1.19 and a beta of 0.91. The business’s 50-day simple moving average is $191.94 and its 200-day simple moving average is $191.05.

Charles River Associates (NASDAQ:CRAI) last released its earnings results on Thursday, February 26th. The business services provider reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.01. The firm had revenue of $196.96 million for the quarter, compared to analyst estimates of $190.54 million. Charles River Associates had a return on equity of 26.30% and a net margin of 7.29%. Research analysts forecast that Charles River Associates will post 7.52 earnings per share for the current year.

Hedge Funds Weigh In On Charles River Associates

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new stake in Charles River Associates in the first quarter valued at about $27,000. Longboard Asset Management LP bought a new position in Charles River Associates during the third quarter worth about $217,000. Entropy Technologies LP acquired a new stake in Charles River Associates during the fourth quarter valued at approximately $401,000. Kennedy Capital Management LLC boosted its holdings in Charles River Associates by 9.3% during the second quarter. Kennedy Capital Management LLC now owns 3,910 shares of the business services provider’s stock valued at $733,000 after purchasing an additional 333 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Charles River Associates by 8.2% in the 4th quarter. Russell Investments Group Ltd. now owns 4,180 shares of the business services provider’s stock valued at $839,000 after purchasing an additional 318 shares during the period. 84.13% of the stock is owned by institutional investors.

About Charles River Associates

Charles River Associates (NASDAQ: CRAI) is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients’ needs.

The firm’s service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.