Algert Global LLC Has $11.54 Million Holdings in CorVel Corp. $CRVL

Key Points

• Algert Global LLC has increased its stake in CorVel Corp. by 5.6%, holding a total of 103,079 shares valued at approximately $11.5 million, as reported in its recent SEC filing.
• CorVel Corp. reported earnings of $0.52 per share for the quarter ending August 5th, with a return on equity of 32.31% and a net margin of 10.98%.
• In recent insider trading, Maxim Shishin and Alan Hoops sold 2,400 and 3,000 shares respectively, indicating a decrease in their positions by 25.4% and 15.24%.

Algert Global LLC boosted its holdings in CorVel Corp. (NASDAQ:CRVL - Free Report) by 5.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,079 shares of the business services provider's stock after acquiring an additional 5,430 shares during the quarter. Algert Global LLC owned 0.20% of CorVel worth $11,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRVL. LPL Financial LLC increased its stake in CorVel by 183.3% in the fourth quarter. LPL Financial LLC now owns 10,807 shares of the business services provider's stock valued at $1,202,000 after acquiring an additional 6,992 shares during the period. Envestnet Asset Management Inc. increased its stake in CorVel by 201.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 48,447 shares of the business services provider's stock valued at $5,390,000 after acquiring an additional 32,386 shares during the period. Federated Hermes Inc. increased its stake in CorVel by 154.9% in the fourth 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 period. Bank of Montreal Can increased its stake in CorVel by 235.7% in the fourth quarter. Bank of Montreal Can now owns 5,136 shares of the business services provider's stock valued at $571,000 after acquiring an additional 3,606 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in CorVel in the fourth quarter valued at about $25,123,000. Institutional investors own 51.36% of the company's stock.

Insider Transactions at CorVel

In other CorVel news, VP Jennifer Yoss sold 1,050 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $111.39, for a total value of $116,959.50. Following the transaction, the vice president directly owned 2,088 shares in the company, valued at $232,582.32. The trade was a 33.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Maxim Shishin sold 12,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $89.16, for a total transaction of $1,069,920.00. Following the completion of the transaction, the insider owned 7,050 shares in the company, valued at approximately $628,578. This trade represents a 62.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,079 shares of company stock valued at $2,515,943. 44.56% of the stock is owned by company insiders.

CorVel Trading Up 3.3%

NASDAQ CRVL traded up $2.9350 on Friday, reaching $92.9950. The company's stock had a trading volume of 79,828 shares, compared to its average volume of 133,566. The firm has a market cap of $4.77 billion, a PE ratio of 47.94 and a beta of 0.95. The business has a 50-day moving average price of $95.29 and a 200 day moving average price of $106.10. CorVel Corp. has a 52 week low of $85.13 and a 52 week high of $128.61.

CorVel (NASDAQ:CRVL - Get Free Report) last posted its earnings results on Tuesday, August 5th. The business services provider reported $0.52 earnings per share for the quarter. CorVel had a net margin of 10.98% and a return on equity of 32.31%.

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.