CorVel Co. (NASDAQ:CRVL) Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its holdings in shares of CorVel Co. (NASDAQ:CRVL) by 8.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,482 shares of the business services provider’s stock after acquiring an additional 1,000 shares during the period. Hillsdale Investment Management Inc. owned 0.08% of CorVel worth $3,545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its stake in CorVel by 474.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 147 shares during the last quarter. Spire Wealth Management grew its position in shares of CorVel by 815.0% in the 1st quarter. Spire Wealth Management now owns 366 shares of the business services provider’s stock valued at $96,000 after buying an additional 326 shares during the last quarter. AXS Investments LLC purchased a new position in shares of CorVel in the 4th quarter valued at $189,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of CorVel in the 4th quarter valued at $264,000. Finally, SkyOak Wealth LLC purchased a new position in shares of CorVel in the 4th quarter valued at $325,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

Insiders Place Their Bets

In other CorVel news, CFO Brandon O’brien sold 1,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $276.95, for a total transaction of $276,950.00. Following the transaction, the chief financial officer now directly owns 7,305 shares of the company’s stock, valued at approximately $2,023,119.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CorVel news, CFO Brandon O’brien sold 1,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $276.95, for a total transaction of $276,950.00. Following the transaction, the chief financial officer now directly owns 7,305 shares of the company’s stock, valued at approximately $2,023,119.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman V Gordon Clemons sold 2,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $277.00, for a total transaction of $554,000.00. Following the transaction, the chairman now directly owns 266,584 shares in the company, valued at $73,843,768. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,738 shares of company stock valued at $15,532,417. Insiders own 47.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of CorVel from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th.

CorVel Trading Up 0.6 %

Shares of NASDAQ CRVL traded up $1.61 during mid-day trading on Monday, reaching $285.92. The company had a trading volume of 50,360 shares, compared to its average volume of 37,394. The firm has a 50 day simple moving average of $257.26 and a two-hundred day simple moving average of $247.42. The stock has a market cap of $4.91 billion, a P/E ratio of 64.98 and a beta of 1.08. CorVel Co. has a 52-week low of $187.92 and a 52-week high of $295.70.

CorVel (NASDAQ:CRVL) last posted its earnings results on Wednesday, May 22nd. The business services provider reported $1.12 EPS for the quarter. The firm had revenue of $207.23 million for the quarter. CorVel had a net margin of 9.59% and a return on equity of 33.49%.

CorVel Company Profile

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. 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.