CorVel (NASDAQ:CRVL) Director R Judd Jessup Sells 210 Shares

CorVel Corp. (NASDAQ:CRVL) Director R Judd Jessup sold 210 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $76.27, for a total transaction of $16,016.70. Following the transaction, the director owned 122,121 shares in the company, valued at approximately $9,314,168.67. The trade was a 0.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

R Judd Jessup also recently made the following trade(s):

• On Tuesday, November 11th, R Judd Jessup sold 7,076 shares of CorVel stock. The shares were sold at an average price of $76.94, for a total transaction of $544,427.44.

CorVel Stock Down 4.4%

Shares of NASDAQ:CRVL traded down $3.39 during trading on Thursday, hitting $73.85. 25,837 shares of the company were exchanged, compared to its average volume of 145,628. CorVel Corp. has a 1-year low of $70.47 and a 1-year high of $128.61. The company has a market capitalization of $3.78 billion, a P/E ratio of 38.04 and a beta of 0.98. The business’s 50 day moving average is $77.34 and its 200-day moving average is $92.38.

CorVel (NASDAQ:CRVL) last posted its earnings results on Tuesday, November 4th. The business services provider reported $0.54 EPS for the quarter. CorVel had a return on equity of 32.31% and a net margin of 10.98%.The firm had revenue of $239.64 million during the quarter.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CRVL. Wall Street Zen cut shares of CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of CorVel in a research report on Tuesday, October 14th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, CorVel has an average rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of CorVel during the first quarter worth approximately $25,000. Hantz Financial Services Inc. acquired a new position in shares of CorVel during the second quarter valued at about $32,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of CorVel in the second quarter valued at approximately $37,000. Federated Hermes Inc. boosted its holdings in CorVel by 147.4% during the third quarter. Federated Hermes Inc. now owns 381 shares of the business services provider’s stock worth $29,000 after purchasing an additional 227 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of CorVel by 235.4% during the 2nd quarter. Blue Trust Inc. now owns 550 shares of the business services provider’s stock worth $57,000 after purchasing an additional 386 shares during the period. 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.