Wells Fargo & Company MN grew its stake in shares of CorVel Corp. (NASDAQ:CRVL) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,534 shares of the business services provider’s stock after acquiring an additional 106 shares during the period. Wells Fargo & Company MN’s holdings in CorVel Corp. were worth $405,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan grew its holdings in CorVel Corp. by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,310 shares of the business services provider’s stock worth $110,000 after acquiring an additional 80 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in CorVel Corp. by 57.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,061 shares of the business services provider’s stock worth $145,000 after acquiring an additional 1,121 shares in the last quarter. Acadian Asset Management LLC grew its holdings in CorVel Corp. by 339.3% during the 2nd quarter. Acadian Asset Management LLC now owns 3,857 shares of the business services provider’s stock worth $184,000 after acquiring an additional 2,979 shares in the last quarter. Victory Capital Management Inc. grew its holdings in CorVel Corp. by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,248 shares of the business services provider’s stock worth $202,000 after acquiring an additional 638 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in CorVel Corp. during the 2nd quarter worth $273,000. 44.36% of the stock is owned by institutional investors.

CorVel Corp. (CRVL) opened at $52.95 on Wednesday. The firm has a market cap of $1,009.99, a price-to-earnings ratio of 32.05 and a beta of 0.77. CorVel Corp. has a fifty-two week low of $31.00 and a fifty-two week high of $61.20.

CorVel Corp. (NASDAQ:CRVL) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.44 earnings per share for the quarter. The company had revenue of $136.43 million during the quarter. CorVel Corp. had a net margin of 6.01% and a return on equity of 22.68%.

In other CorVel Corp. news, insider Maxim Shishin sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $57.26, for a total transaction of $57,260.00. Following the completion of the transaction, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $57,260. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 50.96% of the stock is owned by company insiders.

Separately, BidaskClub raised shares of CorVel Corp. from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th.

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CorVel Corp. Profile

CorVel Corporation (Corvel) is a provider of workers’ compensation solutions for employers, third party administrators, insurance companies and government agencies. The Company offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers.

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Institutional Ownership by Quarter for CorVel Corp. (NASDAQ:CRVL)

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