Maxim Shishin Sells 2,400 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVL - Get Free Report) insider Maxim Shishin sold 2,400 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $108.09, for a total transaction of $259,416.00. Following the completion of the sale, the insider now directly owns 7,050 shares in the company, valued at approximately $762,034.50. The trade was a 25.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CorVel Trading Down 0.7%

NASDAQ CRVL traded down $0.77 on Friday, reaching $105.07. The company's stock had a trading volume of 141,618 shares, compared to its average volume of 120,116. The firm has a market cap of $5.40 billion, a PE ratio of 61.81 and a beta of 1.02. The business has a 50-day moving average price of $111.79 and a 200 day moving average price of $115.75. CorVel Co. has a 52 week low of $79.81 and a 52 week high of $128.61.

CorVel (NASDAQ:CRVL - Get Free Report) last posted its earnings results on Thursday, May 22nd. The business services provider reported $0.51 earnings per share for the quarter. The business 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 Upgrades and Downgrades

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

Institutional Trading of CorVel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRVL. Meeder Asset Management Inc. bought a new stake in CorVel during the first quarter worth about $25,000. LGT Financial Advisors LLC grew its stake in CorVel by 200.0% during the fourth quarter. LGT Financial Advisors LLC now owns 255 shares of the business services provider's stock worth $28,000 after buying an additional 170 shares during the last quarter. von Borstel & Associates Inc. bought a new stake in CorVel during the first quarter worth about $28,000. Bessemer Group Inc. grew its stake in CorVel by 6,350.0% during the fourth quarter. Bessemer Group Inc. now owns 258 shares of the business services provider's stock worth $29,000 after buying an additional 254 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in CorVel during the fourth quarter worth about $37,000. 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.