CorVel Co. (NASDAQ:CRVL) Director R Judd Jessup Sells 2,500 Shares

CorVel Co. (NASDAQ:CRVL) Director R Judd Jessup sold 2,500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $311.60, for a total transaction of $779,000.00. Following the sale, the director now owns 40,777 shares of the company’s stock, valued at approximately $12,706,113.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

R Judd Jessup also recently made the following trade(s):

• On Thursday, August 8th, R Judd Jessup sold 2,131 shares of CorVel stock. The stock was sold at an average price of $295.21, for a total value of $629,092.51.

CorVel Price Performance

Shares of NASDAQ CRVL traded down $2.28 during midday trading on Tuesday, reaching $310.30. 26,743 shares of the stock were exchanged, compared to its average volume of 36,898. CorVel Co. has a 12 month low of $187.92 and a 12 month high of $321.46. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 70.78 and a beta of 1.08. The business has a 50-day simple moving average of $283.12 and a two-hundred day simple moving average of $260.17.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On CorVel

Several institutional investors and hedge funds have recently modified their holdings of the business. 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 in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of CorVel by 474.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the business services provider’s stock worth $47,000 after acquiring an additional 147 shares during the period. Spire Wealth Management lifted its position in CorVel by 815.0% in the 1st quarter. Spire Wealth Management now owns 366 shares of the business services provider’s stock valued at $96,000 after acquiring an additional 326 shares in the last quarter. AXS Investments LLC bought a new stake in CorVel in the 4th quarter valued at $189,000. Finally, Aristides Capital LLC acquired a new position in CorVel in the 2nd quarter worth $210,000. 51.36% of the stock is currently owned by institutional investors and hedge funds.

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.