GAMMA Investing LLC Purchases 76,267 Shares of CorVel Co. (NASDAQ:CRVL)

GAMMA Investing LLC grew its holdings in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 17,654.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,699 shares of the business services provider's stock after purchasing an additional 76,267 shares during the period. GAMMA Investing LLC owned about 0.15% of CorVel worth $8,588,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC increased its stake in CorVel by 322.2% in the fourth quarter. SG Americas Securities LLC now owns 1,520 shares of the business services provider's stock valued at $169,000 after purchasing an additional 1,160 shares during the period. Yousif Capital Management LLC increased its position in CorVel by 192.8% during the 4th quarter. Yousif Capital Management LLC now owns 11,180 shares of the business services provider's stock worth $1,244,000 after purchasing an additional 7,362 shares in the last quarter. Choreo LLC increased its position in CorVel by 181.0% during the fourth quarter. Choreo LLC now owns 2,169 shares of the business services provider's stock worth $243,000 after purchasing an additional 1,397 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its position in CorVel by 148.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 2,463 shares of the business services provider's stock worth $274,000 after purchasing an additional 1,472 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in CorVel by 197.7% in the fourth quarter. State of Alaska Department of Revenue now owns 15,453 shares of the business services provider's stock valued at $1,719,000 after purchasing an additional 10,263 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company's stock.

CorVel Price Performance

Shares of NASDAQ:CRVL traded down $2.22 on Thursday, reaching $105.84. 86,820 shares of the company traded hands, compared to its average volume of 119,968. CorVel Co. has a fifty-two week low of $79.25 and a fifty-two week high of $128.61. The stock has a market capitalization of $5.43 billion, a PE ratio of 62.26 and a beta of 1.02. The company's 50 day moving average is $111.90 and its 200-day moving average is $115.99.

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 (EPS) for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%. The company had revenue of $231.51 million during the quarter.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other CorVel news, insider Maxim Shishin sold 2,400 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $108.09, for a total value of $259,416.00. Following the sale, the insider now owns 7,050 shares of the company's stock, valued at approximately $762,034.50. This trade represents a 25.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan Hoops sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $113.05, for a total value of $339,150.00. Following the transaction, the director now directly owns 16,688 shares in the company, valued at $1,886,578.40. The trade was a 15.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,602 shares of company stock valued at $3,379,049. 47.57% of the stock is currently owned by 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.