CRA International, Inc. (NASDAQ:CRAI) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 96,000 shares, an increase of 48.6% from the July 31st total of 64,600 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 60,900 shares, the days-to-cover ratio is currently 1.6 days.

CRAI has been the subject of several recent research reports. BidaskClub raised shares of CRA International from a “sell” rating to a “hold” rating in a report on Friday, June 28th. TheStreet raised shares of CRA International from a “c+” rating to a “b-” rating in a report on Tuesday, August 6th. Finally, Barrington Research reissued a “buy” rating and issued a $53.00 price target on shares of CRA International in a report on Friday, August 2nd. One equities 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’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.50.

NASDAQ CRAI traded up $0.89 on Friday, hitting $42.14. The company had a trading volume of 2,334 shares, compared to its average volume of 53,899. The company has a market capitalization of $315.02 million, a PE ratio of 15.32, a PEG ratio of 1.15 and a beta of 1.10. The company’s fifty day moving average price is $40.89 and its 200-day moving average price is $43.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.08 and a quick ratio of 1.08. CRA International has a 12-month low of $34.24 and a 12-month high of $55.65.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $110.60 million during the quarter, compared to analyst estimates of $110.95 million. CRA International had a net margin of 4.90% and a return on equity of 11.76%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. On average, sell-side analysts anticipate that CRA International will post 2.68 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.90%. The ex-dividend date is Monday, August 26th. CRA International’s payout ratio is presently 29.09%.

A number of hedge funds and other institutional investors have recently modified their holdings of CRAI. Pembroke Management LTD increased its holdings in CRA International by 24.3% in the 2nd quarter. Pembroke Management LTD now owns 274,537 shares of the business services provider’s stock worth $10,523,000 after acquiring an additional 53,587 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in CRA International during the 2nd quarter worth $563,000. Martingale Asset Management L P boosted its stake in CRA International by 22.7% during the 1st quarter. Martingale Asset Management L P now owns 50,204 shares of the business services provider’s stock worth $2,538,000 after purchasing an additional 9,301 shares during the last quarter. 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 worth $5,356,000 after purchasing an additional 7,695 shares during the last quarter. Finally, Sawgrass Asset Management LLC acquired a new stake in CRA International during the 1st quarter worth $258,000. 84.74% of the stock is owned by institutional investors.

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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