CorVel (NASDAQ:CRVL) EVP Mark Bertels Sells 1,200 Shares

CorVel Corp. (NASDAQ:CRVL) EVP Mark Bertels sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $72.35, for a total transaction of $86,820.00. Following the sale, the executive vice president directly owned 2,594 shares in the company, valued at approximately $187,675.90. This represents a 31.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CorVel Price Performance

CorVel stock traded up $0.10 during mid-day trading on Thursday, reaching $71.69. The company had a trading volume of 116,709 shares, compared to its average volume of 146,009. The stock’s 50-day simple moving average is $75.62 and its 200-day simple moving average is $90.96. CorVel Corp. has a 1 year low of $70.47 and a 1 year high of $128.61. The company has a market capitalization of $3.67 billion, a P/E ratio of 36.95 and a beta of 0.98.

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

Wall Street Analyst Weigh In

Several research firms recently commented on CRVL. Wall Street Zen lowered shares of CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of CorVel in a report on Tuesday, October 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in shares of CorVel by 1.6% in the first quarter. Envestnet Asset Management Inc. now owns 49,205 shares of the business services provider’s stock valued at $5,509,000 after purchasing an additional 758 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in CorVel during the first quarter worth about $936,000. Royce & Associates LP boosted its stake in CorVel by 84.2% in the 1st quarter. Royce & Associates LP now owns 6,521 shares of the business services provider’s stock worth $730,000 after buying an additional 2,981 shares during the last quarter. LPL Financial LLC grew its holdings in CorVel by 5.0% in the 1st quarter. LPL Financial LLC now owns 11,351 shares of the business services provider’s stock valued at $1,271,000 after buying an additional 544 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of CorVel by 50.2% during the 1st quarter. Mackenzie Financial Corp now owns 11,449 shares of the business services provider’s stock valued at $1,282,000 after acquiring an additional 3,825 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

About CorVel

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.