CRA International, Inc. (NASDAQ:CRAI) Short Interest Update

CRA International, Inc. (NASDAQ:CRAI) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 85,300 shares, an increase of 7.4% from the May 15th total of 79,400 shares. Based on an average daily volume of 61,700 shares, the short-interest ratio is presently 1.4 days. Currently, 1.1% of the company’s shares are short sold.

Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its stake in shares of CRA International by 360.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,645 shares of the business services provider’s stock valued at $83,000 after buying an additional 1,288 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of CRA International in the first quarter valued at approximately $92,000. SG Americas Securities LLC acquired a new position in shares of CRA International in the first quarter valued at approximately $116,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of CRA International by 296.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,981 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 2,229 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new position in shares of CRA International in the first quarter valued at approximately $258,000. 85.88% of the stock is owned by institutional investors.

CRAI traded up $1.14 during midday trading on Friday, hitting $39.24. The company had a trading volume of 60,005 shares, compared to its average volume of 53,004. CRA International has a 52 week low of $34.24 and a 52 week high of $58.75. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.48. The stock has a market cap of $315.52 million, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 0.92 and a beta of 1.09. The stock’s 50 day simple moving average is $37.38.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.07). CRA International had a net margin of 5.25% and a return on equity of 11.60%. The company had revenue of $105.85 million during the quarter, compared to the consensus estimate of $105.92 million. During the same period last year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts forecast that CRA International will post 2.67 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, May 24th. CRA International’s payout ratio is presently 29.09%.

A number of brokerages have recently commented on CRAI. TheStreet upgraded shares of BlackRock TCP Capital from a “c+” rating to a “b” rating in a report on Tuesday, May 28th. ValuEngine upgraded shares of Yirendai from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. Zacks Investment Research lowered shares of German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, BidaskClub upgraded shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th.

CRA International Company Profile

CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.

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