Insider Selling: CorVel Co. (NASDAQ:CRVL) VP Sells 1,050 Shares of Stock

CorVel Co. (NASDAQ:CRVL - Get Free Report) VP Jennifer Yoss sold 1,050 shares of CorVel stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $111.39, for a total value of $116,959.50. Following the sale, the vice president now directly owns 2,088 shares of the company's stock, valued at approximately $232,582.32. This trade represents a 33.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

CorVel Stock Up 0.9%

Shares of NASDAQ CRVL traded up $0.97 during midday trading on Friday, reaching $111.70. The company had a trading volume of 227,132 shares, compared to its average volume of 120,027. CorVel Co. has a one year low of $76.53 and a one year high of $128.61. The firm's fifty day moving average price is $112.21 and its 200-day moving average price is $116.46. The stock has a market cap of $5.74 billion, a PE ratio of 65.71 and a beta of 1.10.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of CorVel by 380.8% during the 3rd quarter. Barclays PLC now owns 15,977 shares of the business services provider's stock worth $5,223,000 after acquiring an additional 12,654 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of CorVel by 217.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 555 shares of the business services provider's stock worth $62,000 after acquiring an additional 380 shares during the period. SG Americas Securities LLC grew its holdings in shares of CorVel by 322.2% during the 4th quarter. SG Americas Securities LLC now owns 1,520 shares of the business services provider's stock worth $169,000 after acquiring an additional 1,160 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of CorVel by 216.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 532 shares of the business services provider's stock worth $59,000 after acquiring an additional 364 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of CorVel by 45.9% during the 4th quarter. Fifth Third Bancorp now owns 321 shares of the business services provider's stock worth $36,000 after acquiring an additional 101 shares during the period. Institutional investors own 51.36% of the company's stock.

Analysts Set New Price Targets

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

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.