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

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!