CorVel (NASDAQ:CRVL) Issues Earnings Results

CorVel (NASDAQ:CRVL) announced its quarterly earnings results on Tuesday. The business services provider reported $0.46 earnings per share (EPS) for the quarter, Zacks reports. CorVel had a net margin of 9.64% and a return on equity of 31.73%.

CorVel Stock Up 0.1 %

Shares of NASDAQ CRVL opened at $115.97 on Tuesday. CorVel has a 52 week low of $76.20 and a 52 week high of $127.24. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 73.87 and a beta of 1.16. The firm’s fifty day moving average is $123.76 and its 200 day moving average is $111.79.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of CorVel from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd.

Insider Buying and Selling

In other CorVel news, EVP Mark E. Bertels sold 1,050 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $119.12, for a total transaction of $125,072.50. Following the completion of the sale, the executive vice president now owns 2,580 shares of the company’s stock, valued at approximately $307,321. The trade was a 28.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 47.57% of the stock is owned by insiders.

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.