CorVel Co. (NASDAQ:CRVL) EVP Sells $89,940.00 in Stock

CorVel Co. (NASDAQ:CRVL) EVP Mark E. Bertels sold 300 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $299.80, for a total value of $89,940.00. Following the completion of the transaction, the executive vice president now directly owns 858 shares in the company, valued at $257,228.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CorVel Trading Up 2.9 %

NASDAQ:CRVL opened at $316.81 on Friday. The firm has a market capitalization of $5.44 billion, a PE ratio of 72.00 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’s fifty day simple moving average is $272.89 and its 200 day simple moving average is $256.09.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRVL. SkyView Investment Advisors LLC lifted its stake in shares of CorVel by 0.8% in the second quarter. SkyView Investment Advisors LLC now owns 4,284 shares of the business services provider’s stock valued at $1,089,000 after buying an additional 34 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CorVel by 2.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,143 shares of the business services provider’s stock valued at $545,000 after purchasing an additional 46 shares during the period. Arizona State Retirement System raised its stake in shares of CorVel by 1.8% in the second quarter. Arizona State Retirement System now owns 2,632 shares of the business services provider’s stock valued at $669,000 after purchasing an additional 46 shares in the last quarter. GAMMA Investing LLC lifted its position in CorVel by 98.0% in the second quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock worth $25,000 after purchasing an additional 48 shares during the period. Finally, Jump Financial LLC boosted its stake in CorVel by 1.9% during the fourth quarter. Jump Financial LLC now owns 3,058 shares of the business services provider’s stock worth $756,000 after buying an additional 56 shares in the last quarter. Institutional investors own 51.36% of the company’s stock.

CorVel Company Profile

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.