Insider Selling: CorVel Co. (NASDAQ:CRVL) VP Sells 4,057 Shares of Stock

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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About CorVel

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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Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

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