Charles River Associates (CRAI) to Issue Quarterly Dividend of $0.57 on June 12th

Charles River Associates (NASDAQ:CRAI) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, May 26th will be given a dividend of 0.57 per share by the business services provider on Friday, June 12th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, May 26th.

Charles River Associates has increased its dividend payment by an average of 0.2%annually 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% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Charles River Associates to earn $9.46 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 24.1%.

Charles River Associates Trading Up 0.6%

CRAI opened at $148.23 on Friday. The stock has a market capitalization of $958.01 million, a PE ratio of 20.59, a PEG ratio of 1.09 and a beta of 0.75. Charles River Associates has a 1-year low of $132.17 and a 1-year high of $227.29. The firm has a 50-day moving average price of $154.89 and a two-hundred day moving average price of $176.81.

Charles River Associates (NASDAQ:CRAI) last posted its quarterly earnings data 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 company 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 predict that Charles River Associates will post 8.48 EPS for the current year.

Insider Activity at Charles River Associates

In other news, EVP Jonathan D. Yellin sold 2,250 shares of Charles River Associates stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $147.72, for a total transaction of $332,370.00. Following the completion of the sale, the executive vice president owned 13,247 shares in the company, valued at $1,956,846.84. The trade was a 14.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Charles River Associates

Several institutional investors have recently modified their holdings of CRAI. Jones Financial Companies Lllp acquired a new stake in shares of Charles River Associates during the 1st quarter worth approximately $27,000. BNP Paribas Financial Markets grew its position in shares of Charles River Associates by 243.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 11,511 shares of the business services provider’s stock worth $2,157,000 after buying an additional 8,163 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Charles River Associates during the 2nd quarter worth approximately $1,424,000. New York State Common Retirement Fund grew its position in shares of Charles River Associates by 154.3% during the 3rd quarter. New York State Common Retirement Fund now owns 5,995 shares of the business services provider’s stock worth $1,250,000 after buying an additional 3,638 shares during the period. Finally, Quantbot Technologies LP boosted its stake in Charles River Associates by 2.6% during the 3rd quarter. Quantbot Technologies LP now owns 7,675 shares of the business services provider’s stock worth $1,600,000 after acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.

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.