CorVel Co. (NASDAQ:CRVL) Director Sells $76,428.75 in Stock

CorVel Co. (NASDAQ:CRVL - Get Free Report) Director R Judd Jessup sold 687 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $111.25, for a total transaction of $76,428.75. Following the completion of the transaction, the director now owns 128,832 shares in the company, valued at $14,332,560. This represents a 0.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, May 30th, R Judd Jessup sold 150 shares of CorVel stock. The stock was sold at an average price of $111.76, for a total transaction of $16,764.00.
• On Tuesday, May 27th, R Judd Jessup sold 935 shares of CorVel stock. The stock was sold at an average price of $113.50, for a total transaction of $106,122.50.

CorVel Price Performance

NASDAQ:CRVL traded down $0.67 during trading hours on Thursday, hitting $110.68. The company had a trading volume of 37,596 shares, compared to its average volume of 119,632. The company has a market capitalization of $5.68 billion, a PE ratio of 65.11 and a beta of 1.10. The stock has a 50-day moving average price of $112.20 and a 200 day moving average price of $116.38. CorVel Co. has a 52 week low of $76.53 and a 52 week high of $128.61.

CorVel (NASDAQ:CRVL - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.51 earnings per share for the quarter. The business had revenue of $231.51 million for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of CorVel from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

Hedge Funds Weigh In On CorVel

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in CorVel during the first quarter valued at $1,030,000. Ellsworth Advisors LLC raised its position in shares of CorVel by 5.1% in the 1st quarter. Ellsworth Advisors LLC now owns 7,640 shares of the business services provider's stock worth $855,000 after purchasing an additional 371 shares during the last quarter. Jane Street Group LLC raised its position in shares of CorVel by 194.7% in the 1st quarter. Jane Street Group LLC now owns 46,920 shares of the business services provider's stock worth $5,254,000 after purchasing an additional 31,000 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of CorVel by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,570 shares of the business services provider's stock worth $11,037,000 after purchasing an additional 4,964 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of CorVel by 23,616.8% in the 1st quarter. Jones Financial Companies Lllp now owns 78,977 shares of the business services provider's stock worth $8,843,000 after purchasing an additional 78,644 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company's stock.

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.