Jennifer Yoss Sells 1,214 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVL) VP Jennifer Yoss sold 1,214 shares of CorVel stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $300.88, for a total value of $365,268.32. Following the completion of the sale, the vice president now directly owns 680 shares of the company’s stock, valued at approximately $204,598.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CorVel Stock Performance

Shares of CRVL stock traded down $10.82 during mid-day trading on Monday, hitting $290.39. 34,127 shares of the stock traded hands, compared to its average volume of 37,868. CorVel Co. has a twelve month low of $187.92 and a twelve month high of $321.46. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 68.46 and a beta of 1.08. The company’s 50-day simple moving average is $263.01 and its 200-day simple moving average is $252.06.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in CorVel by 98.0% during the 2nd quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock worth $25,000 after buying an additional 48 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of CorVel by 474.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 147 shares in the last quarter. Spire Wealth Management grew 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 during the period. AXS Investments LLC bought a new position in CorVel during the fourth quarter worth about $189,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in CorVel by 20.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,043 shares of the business services provider’s stock worth $274,000 after purchasing an additional 177 shares during the period. 51.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded CorVel from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th.

CorVel Company Profile

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. 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.