CorVel Co. (NASDAQ:CRVL) Director Sells 2,131 Shares

CorVel Co. (NASDAQ:CRVL) Director R Judd Jessup sold 2,131 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $295.21, for a total value of $629,092.51. Following the completion of the transaction, the director now directly owns 43,277 shares in the company, valued at $12,775,803.17. The sale was disclosed in a legal filing with the SEC, which is available through this link.

CorVel Trading Up 0.9 %

NASDAQ CRVL traded up $2.76 on Wednesday, hitting $307.99. 13,514 shares of the company were exchanged, compared to its average volume of 37,460. The company has a market cap of $5.29 billion, a P/E ratio of 69.37 and a beta of 1.08. CorVel Co. has a 1-year low of $187.92 and a 1-year high of $321.46. The firm has a 50 day moving average of $269.97 and a two-hundred day moving average of $255.30.

CorVel (NASDAQ:CRVL) last announced its earnings results on Tuesday, July 30th. The business services provider reported $1.25 earnings per share (EPS) for the quarter. CorVel had a net margin of 9.55% and a return on equity of 33.26%. The company had revenue of $211.72 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut CorVel from a “buy” rating to a “hold” rating in a report on Tuesday.

Institutional Investors Weigh In On CorVel

Several hedge funds and other institutional investors have recently made changes to their positions in CRVL. GAMMA Investing LLC lifted its stake in CorVel by 98.0% in the second quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock valued at $25,000 after buying an additional 48 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of CorVel by 474.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the business services provider’s stock valued at $47,000 after buying an additional 147 shares in the last quarter. Spire Wealth Management increased its holdings in CorVel by 815.0% during the first quarter. Spire Wealth Management now owns 366 shares of the business services provider’s stock worth $96,000 after buying an additional 326 shares during the last quarter. AXS Investments LLC acquired a new stake in CorVel in the fourth quarter valued at $189,000. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of CorVel by 20.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,043 shares of the business services provider’s stock worth $274,000 after purchasing an additional 177 shares during the last quarter. 51.36% of the stock is owned by institutional investors and hedge funds.

About CorVel

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.