CorVel Co. (NASDAQ:CRVL) Director Steven J. Hamerslag Sells 3,800 Shares of Stock

CorVel Co. (NASDAQ:CRVL) Director Steven J. Hamerslag sold 3,800 shares of the firm’s stock in a transaction dated Tuesday, June 8th. The shares were sold at an average price of $120.88, for a total value of $459,344.00. Following the completion of the sale, the director now directly owns 120,548 shares in the company, valued at approximately $14,571,842.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NASDAQ CRVL opened at $122.31 on Friday. The stock has a market cap of $2.19 billion, a PE ratio of 47.96 and a beta of 1.00. CorVel Co. has a 1-year low of $62.31 and a 1-year high of $126.90. The firm’s 50-day moving average price is $116.22.

CorVel (NASDAQ:CRVL) last released its quarterly earnings data on Thursday, May 27th. The business services provider reported $0.81 earnings per share (EPS) for the quarter. CorVel had a net margin of 8.39% and a return on equity of 22.32%. The firm had revenue of $145.51 million for the quarter.

Several large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in CorVel by 3.5% during the 1st quarter. Bank of Montreal Can now owns 2,627 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 90 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of CorVel by 2.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 3,749 shares of the business services provider’s stock worth $385,000 after purchasing an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in CorVel by 2.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 5,508 shares of the business services provider’s stock worth $584,000 after buying an additional 128 shares in the last quarter. Swiss National Bank raised its holdings in shares of CorVel by 0.9% during the first quarter. Swiss National Bank now owns 22,500 shares of the business services provider’s stock valued at $2,308,000 after purchasing an additional 200 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its stake in CorVel by 11.0% during the 1st quarter. Eqis Capital Management Inc. now owns 2,130 shares of the business services provider’s stock valued at $218,000 after buying an additional 211 shares during the last quarter. 48.73% of the stock is currently owned by hedge funds and other institutional investors.

CorVel Company Profile

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. 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.

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