CorVel Co. (NASDAQ:CRVL) CFO Sells $182,089.88 in Stock

CorVel Co. (NASDAQ:CRVL) CFO Brandon O’brien sold 1,523 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $119.56, for a total transaction of $182,089.88. Following the completion of the sale, the chief financial officer now owns 17,142 shares of the company’s stock, valued at approximately $2,049,497.52. This represents a 8.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CorVel Price Performance

Shares of CRVL stock opened at $117.33 on Friday. The stock has a market cap of $5.98 billion, a P/E ratio of 69.02 and a beta of 1.16. The company has a fifty day moving average price of $123.64 and a two-hundred day moving average price of $113.12. CorVel Co. has a one year low of $76.20 and a one year high of $128.61.

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

Hedge Funds Weigh In On CorVel

Several large investors have recently modified their holdings of CRVL. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of CorVel by 193.7% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,714,351 shares of the business services provider’s stock valued at $635,779,000 after purchasing an additional 3,768,440 shares during the period. Vanguard Group Inc. increased its position in CorVel by 202.1% during the fourth quarter. Vanguard Group Inc. now owns 3,281,649 shares of the business services provider’s stock worth $365,116,000 after acquiring an additional 2,195,466 shares during the period. Renaissance Technologies LLC increased its position in CorVel by 184.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,858,830 shares of the business services provider’s stock worth $206,813,000 after acquiring an additional 1,204,611 shares during the period. Dimensional Fund Advisors LP increased its position in CorVel by 187.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,545,619 shares of the business services provider’s stock worth $171,969,000 after acquiring an additional 1,007,651 shares during the period. Finally, Neuberger Berman Group LLC increased its position in CorVel by 204.6% during the fourth quarter. Neuberger Berman Group LLC now owns 845,531 shares of the business services provider’s stock worth $94,074,000 after acquiring an additional 567,984 shares during the period. 51.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of CorVel from a “hold” rating to a “buy” rating in a research note on Monday, February 10th.

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.