Charles River Associates (NASDAQ:CRAI) Reaches New 52-Week Low – Here’s What Happened

Charles River Associates (NASDAQ:CRAI)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $132.17 and last traded at $139.03, with a volume of 166639 shares. The stock had previously closed at $140.65.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barrington Research restated an “outperform” rating and set a $245.00 price target on shares of Charles River Associates in a research note on Monday, March 2nd. Weiss Ratings lowered Charles River Associates from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Charles River Associates currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.00.

Charles River Associates Stock Down 0.9%

The stock has a market cap of $889.87 million, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 1.03 and a beta of 0.75. The stock has a fifty day moving average of $157.69 and a two-hundred day moving average of $178.12.

Charles River Associates (NASDAQ:CRAI) last posted its earnings results on Thursday, May 7th. The business services provider reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.03). The firm had revenue of $200.98 million during the quarter, compared to analyst estimates of $193.81 million. Charles River Associates had a net margin of 6.22% and a return on equity of 26.02%. On average, research analysts expect that Charles River Associates will post 8.4 EPS for the current year.

Charles River Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Tuesday, May 26th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $2.28 annualized dividend and a yield of 1.7%. Charles River Associates’s dividend payout ratio is 31.67%.

Insiders Place Their Bets

In other Charles River Associates news, EVP Jonathan D. Yellin sold 2,250 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $182.27, for a total value of $410,107.50. Following the sale, the executive vice president owned 14,046 shares of the company’s stock, valued at approximately $2,560,164.42. This represents a 13.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Charles River Associates

Several large investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in Charles River Associates by 86.6% in the first quarter. SG Americas Securities LLC now owns 105,339 shares of the business services provider’s stock valued at $17,052,000 after purchasing an additional 48,892 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Charles River Associates by 8.2% in the fourth 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 last quarter. Kennedy Capital Management LLC grew its holdings in Charles River Associates by 1.2% in the fourth quarter. Kennedy Capital Management LLC now owns 6,489 shares of the business services provider’s stock valued at $1,302,000 after purchasing an additional 79 shares during the last quarter. Entropy Technologies LP acquired a new stake in Charles River Associates in the fourth quarter valued at $401,000. Finally, Arkadios Wealth Advisors grew its holdings in Charles River Associates by 3.1% in the fourth quarter. Arkadios Wealth Advisors now owns 4,388 shares of the business services provider’s stock valued at $881,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.

Charles River Associates Company Profile

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.