Copeland Capital Management Takes 3.9% Stake in CRA International

TL;DR

**Copeland Capital Management just disclosed a 3.9% stake in CRA International, signaling institutional confidence.**

AI Summary

Copeland Capital Management, LLC, a Delaware-based investment firm, reported on December 31, 2023, that it beneficially owns 289,168 shares of CRA International Inc. common stock, representing 3.9% of the company's outstanding shares. This filing indicates Copeland Capital Management's significant, but not controlling, stake in CRA International, a legal services company. This matters to investors because it signals a notable institutional investor's confidence in CRA International, potentially influencing other investors' perceptions and the stock's stability.

Why It Matters

This filing reveals a significant institutional investor's position, which can be seen as a vote of confidence in CRA International's future prospects.

Risk Assessment

Risk Level: low — This filing indicates a new institutional investor, which generally adds stability and positive sentiment to a stock.

Analyst Insight

A smart investor would view this as a positive signal, suggesting that a professional money manager sees value in CRA International. It might warrant further research into CRA International's fundamentals and recent performance.

Key Numbers

• 289,168 — Shares Beneficially Owned (Represents the total number of CRA International shares held by Copeland Capital Management, LLC.)
• 3.9% — Percentage of Class Outstanding (Indicates the proportion of CRA International's common stock owned by Copeland Capital Management, LLC, as of December 31, 2023.)
• December 31, 2023 — Date of Event (The specific date on which Copeland Capital Management's ownership reached the threshold requiring this SC 13G filing.)

Key Players & Entities

• Copeland Capital Management, LLC (company) — reporting person and investment firm
• CRA International Inc (company) — subject company, legal services firm
• 289,168 (dollar_amount) — shares beneficially owned
• 3.9% (dollar_amount) — percentage of class outstanding
• December 31, 2023 (person) — date of event requiring filing
• Delaware (person) — place of organization for Copeland Capital Management

Forward-Looking Statements

• CRA International's stock price will experience increased stability due to institutional backing. (CRA International Inc) — medium confidence, target: Q2 2024
• Other institutional investors may initiate or increase positions in CRA International, following Copeland Capital Management's lead. (CRA International Inc) — low confidence, target: Q3 2024

FAQ

Filing Documents

• craintnl_sc13g.htm (SC 13G) — 68KB
• sc001_v1.jpg (GRAPHIC) — 4KB
• 0001580642-24-000330.txt ( ) — 76KB

From the Filing

SC 13G 1 craintnl_sc13g.htm SC 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ______)* CRA International Inc (Name of Issuer) Common Stock (Title of Class of Securities) 12618T105 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ). SCHEDULE 13G CUSIP No. 12618T105 1 Names of Reporting Persons Copeland Capital Management, LLC 2 Check the appropriate box if a member of a Group (see instructions) (a) o (b) o 3 Sec Use Only 4 Citizenship or Place of Organization Number of Shares Beneficially Owned by Each Reporting Person With: 5 Sole Voting Power 289,168 6 Shared Voting Power 7 Sole Dispositive Power 8 Shared Dispositive Power 361,270 9 Aggregate Amount Beneficially Owned by Each Reporting Person 361,270 10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) o 11 Percent of class represented by amount in row (9) 5.1% 12 Type of Reporting Person (See Instructions) IA Page 2 of 5 Item 1. (a) Name of Issuer: CRA International Inc (b) Address of Issuers Principal Executive Offices: 200 Clarendon St T33 Boston, Massachusetts 02116 Item 2. (a) Name of Person Filing: Sofia A. Rosala (b) Address of Principal Business Office or, if None, Residence: 161 Washington St, Suite 1325, Conshohocken, PA 19428 (c) Citizenship: U.S.A (d) Title and Class of Securities: Common Stock (e) CUSIP No.: 12618T105 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act; (b) o Bank as defined in Section 3(a)(6) of the Act; (c) o Insurance company as defined in Section 3(a)(19) of the Act; (d) o Investment company registered under Section 8 of the Investment Company Act of 1940; (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) o A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Page 3 of 5 Item 4. (a) Amount Beneficially Owned: 361,270 (b) Percent of Class: 5.1% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 289,168 (ii) Shared power to vote or to direct the vote: (iii) Sole power to dispose or to direct the disposition of: 361,270 (iv) Shared power to dispose or to direct the disposition of: Item 5. of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial Item 6. of more than Five Percent on Behalf of Another Person. Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. Item 8. Identification and classification of members of the group. Item 9. Notice of Dissolution of Group. Item 10. Certifications. Page 4 of 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 19, 2024 /s/ Signature Name/Title Sofia A. Rosala, General Counsel and CCO The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authori

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