CorVel Co. (NASDAQ:CRVL) Director Sells $106,122.50 in Stock

CorVel Co. (NASDAQ:CRVL - Get Free Report) Director R Judd Jessup sold 935 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $113.50, for a total value of $106,122.50. Following the transaction, the director now owns 129,519 shares in the company, valued at $14,700,406.50. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CorVel Stock Performance

Shares of NASDAQ CRVL traded up $0.97 during trading on Friday, hitting $111.70. 227,132 shares of the company traded hands, compared to its average volume of 120,027. The business's fifty day moving average is $112.21 and its 200 day moving average is $116.46. CorVel Co. has a fifty-two week low of $76.53 and a fifty-two week high of $128.61. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 65.71 and a beta of 1.10.

CorVel (NASDAQ:CRVL - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.51 earnings per share for the quarter. The firm 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 research report on Friday, April 18th.

Institutional Investors Weigh In On CorVel

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of CorVel by 193.7% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,714,351 shares of the business services provider's stock valued at $635,779,000 after acquiring an additional 3,768,440 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of CorVel by 202.1% during the fourth quarter. Vanguard Group Inc. now owns 3,281,649 shares of the business services provider's stock valued at $365,116,000 after acquiring an additional 2,195,466 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of CorVel by 184.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,858,830 shares of the business services provider's stock valued at $206,813,000 after acquiring an additional 1,204,611 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of CorVel by 187.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,545,619 shares of the business services provider's stock valued at $171,969,000 after acquiring an additional 1,007,651 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in shares of CorVel by 204.6% during the fourth quarter. Neuberger Berman Group LLC now owns 845,531 shares of the business services provider's stock valued at $94,074,000 after acquiring an additional 567,984 shares in the last quarter. Institutional investors own 51.36% of the company's stock.

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.