Insider Selling: CorVel Co. (NASDAQ:CRVL) CFO Sells 1,523 Shares of Stock

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

CorVel Trading Down 1.5 %

Shares of CorVel stock opened at $117.33 on Friday. The firm has a market capitalization of $5.98 billion, a PE ratio of 69.02 and a beta of 1.16. The business’s 50-day moving average price is $123.64 and its 200-day moving average price is $112.98. CorVel Co. has a 12 month low of $76.20 and a 12 month high of $128.61.

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

Institutional Investors Weigh In On CorVel

Several institutional investors have recently bought and sold shares of the stock. First Trust Direct Indexing L.P. boosted its holdings in CorVel by 5.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 896 shares of the business services provider’s stock valued at $293,000 after acquiring an additional 46 shares during the period. GAMMA Investing LLC lifted its holdings in CorVel by 61.9% in the 3rd quarter. GAMMA Investing LLC now owns 157 shares of the business services provider’s stock worth $51,000 after buying an additional 60 shares during the period. Ellsworth Advisors LLC lifted its holdings in CorVel by 2.7% in the 3rd quarter. Ellsworth Advisors LLC now owns 2,340 shares of the business services provider’s stock worth $765,000 after buying an additional 61 shares during the period. SkyView Investment Advisors LLC lifted its holdings in CorVel by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,351 shares of the business services provider’s stock worth $1,422,000 after buying an additional 67 shares during the period. Finally, Blue Trust Inc. lifted its holdings in CorVel by 435.3% in the 3rd quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock worth $30,000 after buying an additional 74 shares during the period. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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