CorVel Co. (NASDAQ:CRVL - Get Free Report) Director Jeffrey J. Michael sold 16,523 shares of the business's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $116.99, for a total value of $1,933,025.77. Following the transaction, the director now directly owns 551,787 shares of the company's stock, valued at $64,553,561.13. The trade was a 2.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
CorVel Stock Performance
Shares of NASDAQ:CRVL opened at $114.90 on Friday. The firm has a market capitalization of $5.90 billion, a PE ratio of 67.59 and a beta of 0.94. CorVel Co. has a 52-week low of $76.20 and a 52-week high of $128.61. The firm has a fifty day moving average of $111.78 and a 200 day moving average of $114.98.
CorVel (NASDAQ:CRVL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $0.46 earnings per share (EPS) for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of CorVel from a "hold" rating to a "buy" rating in a research report on Tuesday.
Get Our Latest Research Report on CorVel
Institutional Investors Weigh In On CorVel
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LGT Financial Advisors LLC grew its holdings in shares of CorVel by 200.0% in the fourth quarter. LGT Financial Advisors LLC now owns 255 shares of the business services provider's stock worth $28,000 after purchasing an additional 170 shares during the last quarter. Bessemer Group Inc. boosted its position in CorVel by 6,350.0% during the 4th quarter. Bessemer Group Inc. now owns 258 shares of the business services provider's stock valued at $29,000 after buying an additional 254 shares during the period. Fifth Third Bancorp grew its holdings in CorVel by 45.9% in the 4th 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 position in shares of CorVel in the fourth quarter valued at about $37,000. Finally, US Bancorp DE boosted its holdings in shares of CorVel by 225.4% during the fourth quarter. US Bancorp DE now owns 384 shares of the business services provider's stock worth $43,000 after purchasing an additional 266 shares during the period. Institutional investors own 51.36% of the company's stock.
CorVel Company Profile
(
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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.
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