CorVel Co. (NASDAQ:CRVL) Insider Sells $2,421,288.75 in Stock

CorVel Co. (NASDAQ:CRVL) insider Maxim Shishin sold 8,075 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $299.85, for a total transaction of $2,421,288.75. Following the completion of the transaction, the insider now directly owns 1,600 shares of the company’s stock, valued at approximately $479,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CorVel Stock Performance

NASDAQ CRVL opened at $316.81 on Friday. CorVel Co. has a one year low of $187.92 and a one year high of $321.46. The firm has a 50 day simple moving average of $272.89 and a 200-day simple moving average of $256.09. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 72.00 and a beta of 1.08.

CorVel (NASDAQ:CRVL) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.25 earnings per share (EPS) for the quarter. CorVel had a net margin of 9.55% and a return on equity of 33.26%. The company had revenue of $211.72 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in CorVel by 98.0% in the second quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock worth $25,000 after acquiring an additional 48 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in CorVel by 474.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the business services provider’s stock worth $47,000 after purchasing an additional 147 shares in the last quarter. Spire Wealth Management raised its holdings in CorVel by 815.0% during the first quarter. Spire Wealth Management now owns 366 shares of the business services provider’s stock worth $96,000 after purchasing an additional 326 shares in the last quarter. AXS Investments LLC acquired a new stake in CorVel during the fourth quarter worth approximately $189,000. Finally, Dark Forest Capital Management LP acquired a new stake in CorVel during the second quarter worth approximately $233,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of CorVel from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.