CorVel (NASDAQ:CRVL) EVP Sells $86,820.00 in Stock

CorVel Corp. (NASDAQ:CRVL) EVP Mark Bertels sold 1,200 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $72.35, for a total value of $86,820.00. Following the completion of the transaction, the executive vice president directly owned 2,594 shares in the company, valued at $187,675.90. This trade represents a 31.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CorVel Price Performance

CRVL stock traded up $0.10 during trading on Thursday, reaching $71.69. 116,709 shares of the stock traded hands, compared to its average volume of 146,009. The firm has a market capitalization of $3.67 billion, a PE ratio of 36.95 and a beta of 0.98. The business’s 50 day moving average price is $75.62 and its 200-day moving average price is $90.96. CorVel Corp. has a 52-week low of $70.47 and a 52-week high of $128.61.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of CorVel in a research note on Tuesday, October 14th. Wall Street Zen downgraded shares of CorVel from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, CorVel has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of CorVel by 1.6% in the first quarter. Envestnet Asset Management Inc. now owns 49,205 shares of the business services provider’s stock worth $5,509,000 after buying an additional 758 shares during the period. Assenagon Asset Management S.A. lifted its stake in CorVel by 720.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 102,478 shares of the business services provider’s stock worth $10,533,000 after acquiring an additional 89,994 shares in the last quarter. Royce & Associates LP boosted its position in CorVel by 84.2% during the 1st quarter. Royce & Associates LP now owns 6,521 shares of the business services provider’s stock worth $730,000 after acquiring an additional 2,981 shares during the period. Strs Ohio purchased a new position in CorVel during the 1st quarter valued at about $1,030,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in CorVel during the 1st quarter valued at about $936,000. 51.36% of the stock is owned by institutional investors and hedge funds.

CorVel Company 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.