CorVel Co. (NASDAQ:CRVL) Director Steven J. Hamerslag Sells 10,000 Shares

CorVel Co. (NASDAQ:CRVL) Director Steven J. Hamerslag sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $123.48, for a total value of $1,234,800.00. Following the sale, the director now directly owns 314,000 shares in the company, valued at $38,772,720. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CorVel Stock Up 1.0 %

CorVel stock opened at $117.39 on Tuesday. The firm has a market capitalization of $5.99 billion, a PE ratio of 69.05 and a beta of 1.16. CorVel Co. has a 52 week low of $76.20 and a 52 week high of $128.61. The firm’s 50-day simple moving average is $123.76 and its 200 day simple moving average is $112.68.

CorVel (NASDAQ:CRVL) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $0.46 earnings per share (EPS) for the quarter. CorVel had a net margin of 10.12% and a return on equity of 32.22%.

Analyst Ratings Changes

Separately, StockNews.com raised CorVel from a “hold” rating to a “buy” rating in a report on Monday.

Institutional Investors Weigh In On CorVel

A number of institutional investors and hedge funds have recently bought and sold shares of CRVL. First Trust Direct Indexing L.P. raised its holdings in shares of CorVel by 5.4% in the third quarter. First Trust Direct Indexing L.P. now owns 896 shares of the business services provider’s stock worth $293,000 after acquiring an additional 46 shares during the last quarter. GAMMA Investing LLC increased its position in CorVel by 61.9% during the 3rd quarter. GAMMA Investing LLC now owns 157 shares of the business services provider’s stock worth $51,000 after purchasing an additional 60 shares in the last quarter. Ellsworth Advisors LLC raised its stake in CorVel by 2.7% in the 3rd quarter. Ellsworth Advisors LLC now owns 2,340 shares of the business services provider’s stock valued at $765,000 after purchasing an additional 61 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in CorVel by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,351 shares of the business services provider’s stock valued at $1,422,000 after purchasing an additional 67 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of CorVel by 435.3% during the 3rd quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock worth $30,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other 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.