Steven J. Hamerslag Sells 10,000 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVL) Director Steven J. Hamerslag sold 10,000 shares of CorVel stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $123.48, for a total transaction of $1,234,800.00. Following the sale, the director now owns 314,000 shares of the company’s stock, valued at approximately $38,772,720. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

CorVel Stock Up 0.5 %

CorVel stock opened at $118.02 on Wednesday. The firm’s 50-day simple moving average is $123.68 and its 200 day simple moving average is $112.80. CorVel Co. has a 52 week low of $76.20 and a 52 week high of $128.61. The firm has a market capitalization of $6.02 billion, a PE ratio of 69.42 and a beta of 1.16.

CorVel (NASDAQ:CRVL) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $0.46 EPS for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.

Institutional Investors Weigh In On CorVel

A number of large investors have recently bought and sold shares of CRVL. Blue Trust Inc. lifted its position in shares of CorVel by 435.3% in the third quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 74 shares in the last quarter. Fifth Third Bancorp boosted its position in CorVel by 45.9% during the fourth quarter. Fifth Third Bancorp now owns 321 shares of the business services provider’s stock worth $36,000 after acquiring an additional 101 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in CorVel in the 4th quarter worth approximately $37,000. US Bancorp DE raised its holdings in CorVel by 225.4% in the 4th quarter. US Bancorp DE now owns 384 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 266 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of CorVel by 175.2% during the 4th quarter. GAMMA Investing LLC now owns 432 shares of the business services provider’s stock worth $48,000 after purchasing an additional 275 shares during the period. Institutional investors and hedge funds own 51.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded CorVel from a “hold” rating to a “buy” rating in a research report on Monday.

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.