CorVel (NASDAQ:CRVL) Director Sells $16,016.70 in Stock

CorVel Corp. (NASDAQ:CRVL) Director R Judd Jessup sold 210 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $76.27, for a total transaction of $16,016.70. Following the completion of the sale, the director directly owned 122,121 shares of the company’s stock, valued at $9,314,168.67. This represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, November 11th, R Judd Jessup sold 7,076 shares of CorVel stock. The shares were sold at an average price of $76.94, for a total transaction of $544,427.44.

CorVel Trading Up 0.9%

CRVL stock opened at $74.17 on Friday. The firm has a market cap of $3.80 billion, a PE ratio of 38.23 and a beta of 0.98. CorVel Corp. has a 1 year low of $70.47 and a 1 year high of $128.61. The company has a fifty day simple moving average of $76.87 and a 200 day simple moving average of $92.00.

CorVel (NASDAQ:CRVL) last posted its earnings results on Tuesday, November 4th. The business services provider reported $0.54 earnings per share for the quarter. CorVel had a return on equity of 32.31% and a net margin of 10.98%.The company had revenue of $239.64 million for the quarter.

Institutional Trading of CorVel

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in CorVel in the 2nd quarter valued at $34,418,000. Thrivent Financial for Lutherans raised its position in shares of CorVel by 187.9% during the second quarter. Thrivent Financial for Lutherans now owns 400,003 shares of the business services provider’s stock valued at $41,112,000 after buying an additional 261,049 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of CorVel by 720.9% in the second quarter. Assenagon Asset Management S.A. now owns 102,478 shares of the business services provider’s stock valued at $10,533,000 after buying an additional 89,994 shares during the period. Cubist Systematic Strategies LLC grew its position in CorVel by 249.0% during the second quarter. Cubist Systematic Strategies LLC now owns 117,395 shares of the business services provider’s stock worth $12,066,000 after buying an additional 83,757 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in CorVel by 23,616.8% during the first quarter. Jones Financial Companies Lllp now owns 78,977 shares of the business services provider’s stock valued at $8,843,000 after acquiring an additional 78,644 shares during the period. Institutional investors own 51.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CRVL shares. Weiss Ratings reissued a “hold (c)” rating on shares of CorVel in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, CorVel presently has a consensus rating of “Hold”.

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.