Mark E. Bertels Sells 900 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVL - Get Free Report) EVP Mark E. Bertels sold 900 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $113.34, for a total value of $102,006.00. Following the completion of the transaction, the executive vice president now owns 2,586 shares in the company, valued at $293,097.24. This represents a 25.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CorVel Stock Performance

NASDAQ:CRVL traded up $0.97 during mid-day trading on Friday, reaching $111.70. The stock had a trading volume of 227,132 shares, compared to its average volume of 120,027. The stock has a market capitalization of $5.74 billion, a P/E ratio of 65.71 and a beta of 1.10. The firm has a 50 day moving average price of $112.21 and a two-hundred day moving average price of $116.46. CorVel Co. has a one year low of $76.53 and a one year high of $128.61.

CorVel (NASDAQ:CRVL - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.51 EPS for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%. The firm had revenue of $231.51 million for the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Trading of CorVel

Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in shares of CorVel during the first quarter valued at about $1,030,000. Ellsworth Advisors LLC lifted its stake in shares of CorVel by 5.1% in the 1st quarter. Ellsworth Advisors LLC now owns 7,640 shares of the business services provider's stock valued at $855,000 after acquiring an additional 371 shares during the last quarter. Jane Street Group LLC boosted its holdings in CorVel by 194.7% during the 1st quarter. Jane Street Group LLC now owns 46,920 shares of the business services provider's stock valued at $5,254,000 after acquiring an additional 31,000 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in CorVel by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,570 shares of the business services provider's stock valued at $11,037,000 after acquiring an additional 4,964 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in CorVel by 23,616.8% during the 1st quarter. Jones Financial Companies Lllp now owns 78,977 shares of the business services provider's stock valued at $8,843,000 after acquiring an additional 78,644 shares during the period. 51.36% of the stock is owned by institutional investors.

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.