CRA International, Inc. (NASDAQ:CRAI) Short Interest Down 8.6% in July

CRA International, Inc. (NASDAQ:CRAI) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 64,600 shares, a decrease of 8.6% from the June 30th total of 70,700 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 62,500 shares, the short-interest ratio is presently 1.0 days.

CRAI stock traded down $0.12 during midday trading on Thursday, reaching $41.22. 91,700 shares of the company traded hands, compared to its average volume of 54,571. CRA International has a 52-week low of $34.24 and a 52-week high of $58.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50 day moving average of $39.95 and a 200-day moving average of $43.50. The firm has a market capitalization of $331.80 million, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.21 and a beta of 1.11.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. CRA International had a return on equity of 11.76% and a net margin of 4.90%. The business had revenue of $110.60 million for the quarter, compared to the consensus estimate of $110.95 million. During the same period in the prior year, the business posted $0.67 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts anticipate that CRA International will post 2.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be issued a $0.20 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.80 annualized dividend and a dividend yield of 1.94%. CRA International’s payout ratio is 29.09%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Panagora Asset Management Inc. boosted its holdings in shares of CRA International by 2.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 93,920 shares of the business services provider’s stock valued at $3,600,000 after buying an additional 2,495 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of CRA International in the 2nd quarter valued at about $563,000. Strs Ohio boosted its holdings in shares of CRA International by 7.4% in the 2nd quarter. Strs Ohio now owns 14,500 shares of the business services provider’s stock valued at $555,000 after buying an additional 1,000 shares during the period. Pembroke Management LTD boosted its stake in CRA International by 24.3% during the 2nd quarter. Pembroke Management LTD now owns 274,537 shares of the business services provider’s stock valued at $10,523,000 after purchasing an additional 53,587 shares during the period. Finally, Foundry Partners LLC boosted its stake in CRA International by 5.8% during the 2nd quarter. Foundry Partners LLC now owns 139,735 shares of the business services provider’s stock valued at $5,356,000 after purchasing an additional 7,695 shares during the period. Hedge funds and other institutional investors own 87.93% of the company’s stock.

A number of equities research analysts have issued reports on CRAI shares. BidaskClub upgraded CRA International from a “sell” rating to a “hold” rating in a research report on Friday, June 28th. TheStreet upgraded CRA International from a “c+” rating to a “b-” rating in a research report on Tuesday, August 6th. Barrington Research restated a “buy” rating and set a $53.00 price objective on shares of CRA International in a research report on Friday, August 2nd. ValuEngine downgraded CRA International from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd. Finally, Zacks Investment Research downgraded CRA International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. CRA International currently has a consensus rating of “Hold” and a consensus target price of $49.50.

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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