Charles River Associates Declares Quarterly Dividend of $0.57 (NASDAQ:CRAI)

Charles River Associates (NASDAQ:CRAI) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Tuesday, August 25th will be paid a dividend of 0.57 per share by the business services provider on Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 25th.

Charles River Associates has increased its dividend payment 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. Research analysts expect Charles River Associates to earn $9.47 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 Down 0.1%

Shares of Charles River Associates stock opened at $176.46 on Friday. Charles River Associates has a twelve month low of $132.17 and a twelve month high of $227.29. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.30 and a beta of 0.66. The company has a fifty day moving average price of $157.11 and a 200 day moving average price of $161.87.

Charles River Associates (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.01. The company had revenue of $210.81 million during the quarter, compared to the consensus estimate of $198.91 million. Charles River Associates had a net margin of 6.22% and a return on equity of 26.02%. Analysts forecast that Charles River Associates will post 8.52 earnings per share for the current year.

Insider Buying and Selling

In other Charles River Associates news, EVP Jonathan D. Yellin sold 2,250 shares of the business’s stock in a transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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

Institutional investors have recently modified their holdings of the business. Persistent Asset Partners Ltd acquired a new stake in Charles River Associates during the second quarter worth about $55,000. Global Retirement Partners LLC acquired a new position in Charles River Associates in the second quarter valued at approximately $77,000. Bank of New York Mellon Corp acquired a new position in Charles River Associates in the second quarter valued at approximately $5,318,000. State of Wyoming bought a new position in shares of Charles River Associates during the second quarter valued at approximately $74,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Charles River Associates during the 2nd quarter worth approximately $623,000. Institutional investors 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.