Royce & Associates Trims Exposure to CRA International, Inc. (CRAI); Boosts Stake in Support.com, Inc. (SPRT)

Chuck Royce‘s Royce & Associates has reported in several filings moves made into several of its holdings. The fund disclosed trimming its position in CRA International, Inc. (NASDAQ:CRAI) to 1.05 million shares, from over 1.43 million held at the end of September. Royce’s holding in CRA International amasses 10.31% of the company’s common stock.

Chuck Royce

CRA International, Inc. (NASDAQ:CRAI), provides economic, financial, and management consulting services. The company, reported revenue of $74.4 million in its third quarter, versus $65.9 million in the third quarter of 2012. Net income, reported in the third quarter was $3.3 million, as compared to a net loss of $0.7 million a year ago. The cash flow from operating activity, slightly improved to -$18.18million from -$22.80 million a year ago.

Jason F. Harris‘s Kendall Square Capital, in its filing, reported a 5.2% stake in CRA International, Inc. (NASDAQ:CRAI), earlier in October. Another fund, which holds a less significant position in the company is D E Shaw, managed by D. E. Shaw holding 37,828 shares, worth $704,000.

In a separate filing, Royce & Associates revealed owning approximately 4.19 million shares of Support.com, Inc. (NASDAQ:SPRT). The stake has been boosted from about 3.32 million held by the fund at the end of the third quarter of 2013. The position currently amasses 7.94% of the company’s stock.

Support.com, Inc. (NASDAQ:SPRT), provides cloud-based technology services and software, announced the availability of the latest version of the popular anti-malware software, SUPERAntiSpyware® 5.7. This software removes unwanted applications, in a secured way.

Of the hedge funds that we track, Rgm Capital, managed by Robert G. Moses, have a significant portion of their portfolio, invested in Support.com, Inc. (NASDAQ:SPRT), they have amassed 7.58 million shares, worth $41.30 million. Another fund, with less significant holding, in the company is Peter Algert and Kevin Coldiron’s Algert Coldiron Investors, holding 97,362 shares, worth $531,000.

Royce & Associates, invests in small cap companies, that are relatively underpriced, following a value-based approach. The fund, has of late boosted its stake in, Saga Communications, Inc. (NYSEMKT:SGA) to 509,505 shares from 444,311. Chuck Royce, also, sliced his position in Anaren, Inc. (NASDAQ:ANEN) to 20,000 shares from 440,760 shares.

Recently, Royce & Associates significantly reduced its position in, Allied Nevada Gold Corp. (NYSEMKT:ANV) to 707,822 shares from 3.7 million shares.

Disclosure: none

Recommended Reading:

Marathon Capital Management Slices Stake in Adept Technology Inc (ADEP)

Hedge Fund News: Daniel Och, Michael Novogratz & Phil Falcone

David Nierenberg Receives Some RadiSys Corporation (RSYS) Shares

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!