Neuberger Berman Discloses 7.0% Stake in CRA International

TL;DR

**Neuberger Berman just revealed a 7.0% stake in CRA International, signaling institutional confidence.**

AI Summary

Neuberger Berman Group LLC, a Delaware-based investment firm, filed an SC 13G on February 12, 2024, disclosing its beneficial ownership in CRA International, Inc. (CRA). This filing indicates that as of December 31, 2023, Neuberger Berman holds a significant stake in CRA, specifically 7.0% of the company's common stock, totaling 469,200 shares. This matters to investors because it signals a major institutional investor's confidence in CRA, potentially attracting more investment and supporting the stock price.

Why It Matters

A large institutional investment firm like Neuberger Berman taking a significant stake can be seen as a vote of confidence, potentially boosting investor sentiment and the stock's perceived value.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which generally reduces risk by providing stability and a vote of confidence in the company.

Analyst Insight

A smart investor would view this as a positive signal, potentially indicating underlying strength in CRA International, and might consider further research into the company's fundamentals or increasing their position.

Key Numbers

• 7.0% — Beneficial Ownership Percentage (Represents Neuberger Berman's stake in CRA International's common stock.)
• 469,200 — Shares Beneficially Owned (The total number of common shares of CRA International held by Neuberger Berman.)
• December 31, 2023 — Date of Event (The specific date when Neuberger Berman's ownership crossed the threshold requiring this filing.)

Key Players & Entities

• Neuberger Berman Group LLC (company) — the reporting person and investment firm
• CRA International, Inc. (company) — the subject company in which shares are held
• December 31, 2023 (date) — the date of the event requiring the filing
• Delaware (company) — state of incorporation for Neuberger Berman Group LLC
• 7.0% (dollar_amount) — percentage of class beneficially owned by Neuberger Berman
• 469,200 (dollar_amount) — number of shares beneficially owned by Neuberger Berman

Forward-Looking Statements

• CRA International's stock price may see a positive reaction due to increased institutional confidence. (CRA International, Inc.) — medium confidence, target: Q1 2024
• Other institutional investors might increase their positions in CRA International, following Neuberger Berman's lead. (CRA International, Inc.) — low confidence, target: Q2 2024

FAQ

Filing Documents

• formsc13g-02122024_070242.htm (SC 13G) — 82KB
• 0001415889-24-003294.txt ( ) — 83KB

Ownership of Five Percent or Less of a Class

Item 5. Ownership 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 owner of more than five percent of the class of securities, check the following [ ]

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Neuberger Berman Group LLC and its affiliates may be deemed to be beneficial owners of securities for purposes of Exchange Act Rule 13d-3 because they or certain affiliated persons have shared power to retain, dispose of or vote the securities of unrelated clients. Neuberger Berman Group LLC or its affiliated persons do not, however, have any economic interest in the securities of those clients. The clients have the sole right to receive and the power to direct the receipt of dividends from or proceeds from the sale of such securities. Other than named in this filing, no one client has an interest of more than 5% of the issuer. With regard to the shares set forth under item 4(c)(ii), Neuberger Berman Group LLC may be deemed to be the beneficial owner for purposes of Rule 13d-3 because certain affiliated persons have shared power to retain, dispose of and vote the securities. In addition to the holdings of individual advisory clients, Neuberger Berman Investment Advisers LLC serves as investment manager of Neuberger Berman Group LLC's various registered mutual funds which hold such shares. The holdings belonging to clients of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC and Neuberger Berman Investment Advisers LLC are also aggregated to comprise the holdings referenced herein. In addition to the shares set forth under Item 4(c)(ii) for which Neuberger entities also have shared power to dispose of the shares, item 4(c)(iv) also includes shares from individual client accounts over which Neuberger Berman Investment Advisers LLC has shared power to dispose but does not have voting power over these shares. The holdings of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC and Neuberger Berman Investment Advisers LLC, are also aggre

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. N/A

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. N/A

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURES

SIGNATURES 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. Date: February 12, 2024 Neuberger Berman Group LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director Date: February 12, 2024 Neuberger Berman Investment Advisers LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director Date: February 12, 2024 Neuberger Berman Equity Funds By: /s/ Brian Kerrane Name: Brian Kerrane Title: Chief Operating Officer Date: February 12, 2024 Neuberger Berman Genesis Fund By: /s/ Brian Kerrane Name: Brian Kerrane Title: Chief Operating Officer

View Full Filing

View this SC 13G filing on SEC EDGAR