Susquehanna Fundamental Investments LLC Buys Shares of 2,304 CorVel Co. (NASDAQ:CRVL)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of CorVel Co. (NASDAQ:CRVL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,304 shares of the business services provider's stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in shares of CorVel by 152.8% during the 4th quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider's stock worth $12,137,000 after buying an additional 65,940 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CorVel by 297.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,900 shares of the business services provider's stock worth $768,000 after acquiring an additional 5,163 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of CorVel by 199.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,343 shares of the business services provider's stock worth $594,000 after acquiring an additional 3,558 shares during the period. American Century Companies Inc. grew its position in shares of CorVel by 200.8% in the fourth quarter. American Century Companies Inc. now owns 13,832 shares of the business services provider's stock valued at $1,539,000 after purchasing an additional 9,233 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of CorVel by 154.9% during the fourth quarter. Federated Hermes Inc. now owns 492 shares of the business services provider's stock worth $55,000 after purchasing an additional 299 shares during the period. 51.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded CorVel from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

CorVel Trading Up 0.3 %

NASDAQ CRVL traded up $0.29 during trading on Friday, reaching $112.51. The company's stock had a trading volume of 192,286 shares, compared to its average volume of 119,337. The firm has a 50 day moving average price of $110.67 and a 200 day moving average price of $116.07. CorVel Co. has a 12 month low of $76.53 and a 12 month high of $128.61. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 66.18 and a beta of 1.10.

CorVel (NASDAQ:CRVL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $0.46 earnings per share (EPS) for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

Insider Activity

In other CorVel news, Director Alan Hoops sold 10,200 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $116.39, for a total transaction of $1,187,178.00. Following the completion of the sale, the director now directly owns 118,213 shares in the company, valued at $13,758,811.07. This represents a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey J. Michael sold 16,523 shares of CorVel stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $116.99, for a total value of $1,933,025.77. Following the completion of the transaction, the director now owns 551,787 shares in the company, valued at approximately $64,553,561.13. The trade was a 2.91 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,723 shares of company stock worth $4,522,340. 47.57% of the stock is currently owned by company insiders.

CorVel Profile

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.