CorVel Co. (NASDAQ:CRVL) VP Michael Saverien sold 4,057 shares of CorVel stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $79.00, for a total value of $320,503.00. Following the sale, the vice president now directly owns 6,708 shares of the company’s stock, valued at $529,932. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
NASDAQ:CRVL traded up $0.76 during mid-day trading on Thursday, hitting $82.73. 3,616 shares of the stock were exchanged, compared to its average volume of 91,387. The stock has a market cap of $1.48 billion, a P/E ratio of 32.46 and a beta of 0.64. CorVel Co. has a fifty-two week low of $50.20 and a fifty-two week high of $82.10.
CorVel (NASDAQ:CRVL) last announced its quarterly earnings data on Thursday, May 30th. The business services provider reported $0.63 earnings per share for the quarter. The firm had revenue of $151.08 million during the quarter. CorVel had a return on equity of 24.61% and a net margin of 7.84%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in CorVel by 1.4% in the 4th quarter. BlackRock Inc. now owns 1,437,286 shares of the business services provider’s stock valued at $88,710,000 after acquiring an additional 19,211 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CorVel by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 811,775 shares of the business services provider’s stock valued at $52,960,000 after purchasing an additional 6,131 shares during the last quarter. Norges Bank bought a new position in shares of CorVel in the 4th quarter valued at $22,298,000. Geode Capital Management LLC increased its stake in shares of CorVel by 11.7% in the 1st quarter. Geode Capital Management LLC now owns 224,646 shares of the business services provider’s stock valued at $14,655,000 after purchasing an additional 23,613 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of CorVel by 0.4% in the 1st quarter. Northern Trust Corp now owns 151,801 shares of the business services provider’s stock valued at $9,903,000 after purchasing an additional 595 shares during the last quarter. 46.22% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub cut CorVel from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th.
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CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.
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