CorVel Co. (NASDAQ:CRVL) Director Sells $1,187,178.00 in Stock

CorVel Co. (NASDAQ:CRVL) Director Alan Hoops sold 10,200 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $116.39, for a total transaction of $1,187,178.00. Following the completion of the sale, the director now directly owns 118,213 shares of the company’s stock, valued at approximately $13,758,811.07. The trade was a 7.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

CorVel Price Performance

Shares of NASDAQ CRVL opened at $108.54 on Friday. The company has a market cap of $5.57 billion, a P/E ratio of 63.85 and a beta of 1.16. CorVel Co. has a 1 year low of $76.20 and a 1 year high of $128.61. The firm has a 50-day simple moving average of $123.39 and a two-hundred day simple moving average of $113.57.

CorVel (NASDAQ:CRVL) last issued its earnings results on Tuesday, February 4th. The business services provider reported $0.46 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 downgraded shares of CorVel from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th.

Hedge Funds Weigh In On CorVel

A number of institutional investors have recently modified their holdings of the stock. First Trust Direct Indexing L.P. increased its position in shares of CorVel by 5.4% during 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 period. SkyView Investment Advisors LLC increased its position in shares of CorVel by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 4,351 shares of the business services provider’s stock worth $1,422,000 after acquiring an additional 67 shares during the period. Blue Trust Inc. increased its position in shares of CorVel by 435.3% during the third quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock worth $30,000 after acquiring an additional 74 shares during the period. Fifth Third Bancorp increased its position in shares of CorVel by 45.9% during the fourth quarter. Fifth Third Bancorp now owns 321 shares of the business services provider’s stock worth $36,000 after acquiring an additional 101 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in CorVel by 121.7% during the third quarter. Advisors Asset Management Inc. now owns 204 shares of the business services provider’s stock valued at $67,000 after buying an additional 112 shares during the period. 51.36% of the stock is owned by hedge funds and other institutional investors.

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.