Dimensional Fund Advisors LP Buys 1,007,651 Shares of CorVel Co. (NASDAQ:CRVL)

Dimensional Fund Advisors LP lifted its position in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 187.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,545,619 shares of the business services provider's stock after acquiring an additional 1,007,651 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.03% of CorVel worth $171,969,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CRVL. Victory Capital Management Inc. lifted its stake in shares of CorVel by 152.8% in the 4th quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider's stock valued at $12,137,000 after purchasing an additional 65,940 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CorVel by 297.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,900 shares of the business services provider's stock valued at $768,000 after buying an additional 5,163 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in CorVel by 199.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,343 shares of the business services provider's stock worth $594,000 after buying an additional 3,558 shares during the last quarter. American Century Companies Inc. grew its position in shares of CorVel by 200.8% during the 4th quarter. American Century Companies Inc. now owns 13,832 shares of the business services provider's stock worth $1,539,000 after buying an additional 9,233 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of CorVel by 154.9% in the 4th quarter. Federated Hermes Inc. now owns 492 shares of the business services provider's stock valued at $55,000 after acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company's stock.

CorVel Trading Down 1.6 %

Shares of CRVL stock traded down $1.80 on Tuesday, hitting $107.95. The stock had a trading volume of 21,028 shares, compared to its average volume of 117,442. CorVel Co. has a twelve month low of $76.53 and a twelve month high of $128.61. The company has a fifty day moving average price of $110.39 and a two-hundred day moving average price of $115.76. The firm has a market cap of $5.54 billion, a P/E ratio of 63.28 and a beta of 0.94.

CorVel (NASDAQ:CRVL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The business services provider reported $0.46 earnings per share (EPS) for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of CorVel from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

Insider Buying and Selling

In related news, Director Alan Hoops sold 10,200 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $116.39, for a total value of $1,187,178.00. Following the completion of the transaction, the director now directly owns 118,213 shares of the company's stock, valued at approximately $13,758,811.07. This represents a 7.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey J. Michael sold 16,523 shares of the stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $116.99, for a total value of $1,933,025.77. Following the transaction, the director now owns 551,787 shares of the company's stock, valued at approximately $64,553,561.13. This trade represents a 2.91 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 48,723 shares of company stock valued at $5,757,140. 47.57% of the stock is owned by corporate insiders.

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.