CorVel Co. (CRVL) Chairman V Gordon Clemons Sells 6,500 Shares

CorVel Co. (NASDAQ:CRVL) Chairman V Gordon Clemons sold 6,500 shares of CorVel stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $50.52, for a total transaction of $328,380.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

V Gordon Clemons also recently made the following trade(s):

  • On Monday, June 11th, V Gordon Clemons sold 5,000 shares of CorVel stock. The shares were sold at an average price of $50.51, for a total transaction of $252,550.00.
  • On Wednesday, June 6th, V Gordon Clemons sold 5,000 shares of CorVel stock. The shares were sold at an average price of $51.59, for a total transaction of $257,950.00.

Shares of NASDAQ:CRVL traded up $0.65 on Thursday, hitting $51.50. The stock had a trading volume of 951 shares, compared to its average volume of 33,078. CorVel Co. has a twelve month low of $44.81 and a twelve month high of $61.20. The company has a market capitalization of $967.16 million, a PE ratio of 27.30 and a beta of 0.68.

CorVel (NASDAQ:CRVL) last issued its earnings results on Thursday, May 31st. The business services provider reported $0.47 EPS for the quarter. CorVel had a net margin of 6.39% and a return on equity of 23.11%. The company had revenue of $143.57 million for the quarter.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of CorVel by 3.0% in the 1st quarter. BlackRock Inc. now owns 1,339,737 shares of the business services provider’s stock valued at $67,724,000 after purchasing an additional 38,632 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CorVel by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 791,983 shares of the business services provider’s stock valued at $40,035,000 after purchasing an additional 2,156 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of CorVel by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 155,359 shares of the business services provider’s stock valued at $8,218,000 after purchasing an additional 9,694 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of CorVel by 7.5% in the 1st quarter. Russell Investments Group Ltd. now owns 120,686 shares of the business services provider’s stock valued at $6,100,000 after purchasing an additional 8,433 shares in the last quarter. Finally, Ancora Advisors LLC boosted its stake in shares of CorVel by 17.7% in the 1st quarter. Ancora Advisors LLC now owns 109,939 shares of the business services provider’s stock valued at $5,557,000 after purchasing an additional 16,529 shares in the last quarter. Institutional investors own 43.97% of the company’s stock.

Separately, BidaskClub upgraded shares of CorVel from a “hold” rating to a “buy” rating in a research note on Tuesday, March 13th.

CorVel Company Profile

CorVel Corporation provides medical cost containment and managed care services to address the medical costs of workers' compensation benefits, automobile insurance claims, and group health insurance benefits. The company offers network solutions, including automated medical fee auditing, preferred provider management and reimbursement services, retrospective utilization review, facility claim review, professional review, pharmacy services, directed care services, medicare solutions, clearinghouse services, independent medical examinations, and inpatient medical bill review.

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

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