Insider Selling: CorVel Co. (NASDAQ:CRVL) Director Sells 3,800 Shares of Stock

CorVel Co. (NASDAQ:CRVL) Director Steven J. Hamerslag sold 3,800 shares of the business’s stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $120.88, for a total transaction of $459,344.00. Following the completion of the sale, the director now directly owns 120,548 shares of the company’s stock, valued at approximately $14,571,842.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NASDAQ CRVL opened at $122.31 on Friday. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 47.96 and a beta of 1.00. The business has a fifty day moving average of $116.22. CorVel Co. has a one year low of $62.31 and a one year high of $126.90.

CorVel (NASDAQ:CRVL) last announced its earnings results on Thursday, May 27th. The business services provider reported $0.81 earnings per share (EPS) for the quarter. The company had revenue of $145.51 million for the quarter. CorVel had a net margin of 8.39% and a return on equity of 22.32%.

Hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors boosted its position in shares of CorVel by 5,380.0% during the 1st quarter. Captrust Financial Advisors now owns 274 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 269 shares during the last quarter. Group One Trading L.P. acquired a new position in shares of CorVel during the 1st quarter valued at about $31,000. O Shaughnessy Asset Management LLC boosted its position in shares of CorVel by 387.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 400 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 318 shares during the last quarter. Vantage Consulting Group Inc acquired a new position in shares of CorVel during the 4th quarter valued at about $49,000. Finally, Lazard Asset Management LLC boosted its position in shares of CorVel by 97.4% during the 1st quarter. Lazard Asset Management LLC now owns 689 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 340 shares during the last quarter. 48.73% of the stock is currently owned by hedge funds and other institutional investors.

About CorVel

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. 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.

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Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

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