Wolverine Trading LLC raised its position in CorVel Co. (NASDAQ:CRVL - Free Report) by 266.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,550 shares of the business services provider's stock after purchasing an additional 3,309 shares during the period. Wolverine Trading LLC's holdings in CorVel were worth $511,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of CRVL. Barclays PLC raised its position in shares of CorVel by 380.8% in the third quarter. Barclays PLC now owns 15,977 shares of the business services provider's stock valued at $5,223,000 after buying an additional 12,654 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in CorVel by 217.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 555 shares of the business services provider's stock valued at $62,000 after acquiring an additional 380 shares during the last quarter. SG Americas Securities LLC raised its holdings in CorVel by 322.2% in the 4th quarter. SG Americas Securities LLC now owns 1,520 shares of the business services provider's stock valued at $169,000 after acquiring an additional 1,160 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of CorVel by 180.9% during the 4th quarter. Inspire Investing LLC now owns 3,570 shares of the business services provider's stock worth $397,000 after purchasing an additional 2,299 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of CorVel by 216.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the business services provider's stock worth $59,000 after purchasing an additional 364 shares during the last quarter. 51.36% of the stock is owned by institutional investors and hedge funds.
CorVel Stock Down 0.2%
Shares of CRVL stock traded down $0.19 during trading hours on Monday, hitting $111.08. 140,989 shares of the company were exchanged, compared to its average volume of 120,110. The firm has a fifty day moving average of $112.20 and a 200 day moving average of $116.44. CorVel Co. has a 1 year low of $76.53 and a 1 year high of $128.61. The firm has a market cap of $5.70 billion, a PE ratio of 65.34 and a beta of 1.10.
CorVel (NASDAQ:CRVL - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.51 earnings per share 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 for the quarter.
Insider Transactions at CorVel
In other news, Director R Judd Jessup sold 687 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $111.25, for a total value of $76,428.75. Following the completion of the sale, the director now owns 128,832 shares of the company's stock, valued at $14,332,560. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey J. Michael sold 16,523 shares of the firm's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $116.99, for a total transaction of $1,933,025.77. Following the completion of the transaction, the director now directly owns 551,787 shares in the company, valued at approximately $64,553,561.13. This represents a 2.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,245 shares of company stock worth $2,690,457 in the last ninety days. Insiders own 47.57% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded CorVel from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.
Get Our Latest Analysis on CRVL
CorVel Company Profile
(
Free Report)
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.
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