Insider Selling: CorVel Co. (NASDAQ:CRVL) Insider Sells 500 Shares of Stock

CorVel Co. (NASDAQ:CRVL) insider Maxim Shishin sold 500 shares of the company’s stock in a transaction that occurred on Friday, November 19th. The stock was sold at an average price of $195.60, for a total transaction of $97,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:CRVL opened at $198.81 on Thursday. The stock has a 50 day moving average of $181.66. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 61.36 and a beta of 0.83. CorVel Co. has a twelve month low of $89.35 and a twelve month high of $200.71.

CorVel (NASDAQ:CRVL) last issued its quarterly earnings results on Tuesday, November 2nd. The business services provider reported $0.88 earnings per share for the quarter. The company had revenue of $157.74 million during the quarter. CorVel had a net margin of 9.89% and a return on equity of 26.76%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRVL. Captrust Financial Advisors raised its holdings in shares of CorVel by 5,380.0% in the 1st quarter. Captrust Financial Advisors now owns 274 shares of the business services provider’s stock worth $28,000 after purchasing an additional 269 shares in the last quarter. Paragon Wealth Strategies LLC bought a new stake in shares of CorVel in the 2nd quarter worth approximately $38,000. Kings Point Capital Management bought a new stake in shares of CorVel in the 3rd quarter worth approximately $46,000. Simplex Trading LLC bought a new stake in shares of CorVel in the 2nd quarter worth approximately $138,000. Finally, Royal Bank of Canada raised its holdings in shares of CorVel by 87.8% in the 2nd quarter. Royal Bank of Canada now owns 1,110 shares of the business services provider’s stock worth $149,000 after purchasing an additional 519 shares in the last quarter. Institutional investors and hedge funds own 49.74% of the company’s stock.

CorVel Company Profile

CorVel Corp. engages in the provision of workers’ compensation solutions for employers, third party administrators, insurance companies, and government agencies. It operates the Managed Care segment. The company was founded by V. Clemons Gordon Sr. in 1987 and is headquartered in Irvine, CA.

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

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