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:

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