CorVel Co. (NASDAQ:CRVL) CFO Brandon O’brien Sells 1,523 Shares of Stock

CorVel Co. (NASDAQ:CRVL) CFO Brandon O’brien sold 1,523 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $119.56, for a total value of $182,089.88. Following the completion of the sale, the chief financial officer now owns 17,142 shares in the company, valued at $2,049,497.52. This represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

CorVel Stock Performance

Shares of NASDAQ CRVL opened at $119.13 on Friday. CorVel Co. has a fifty-two week low of $76.20 and a fifty-two week high of $128.61. The stock has a market cap of $6.12 billion, a PE ratio of 70.08 and a beta of 1.16. The stock has a fifty day moving average of $123.61 and a 200-day moving average of $112.93.

CorVel (NASDAQ:CRVL) last posted its earnings results on Tuesday, February 4th. The business services provider reported $0.46 earnings per share for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CorVel from a “hold” rating to a “buy” rating in a research report on Monday.

Institutional Trading of CorVel

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Direct Indexing L.P. grew its position in shares of CorVel by 5.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 896 shares of the business services provider’s stock valued at $293,000 after purchasing an additional 46 shares in the last quarter. GAMMA Investing LLC grew its position in CorVel by 61.9% during the third quarter. GAMMA Investing LLC now owns 157 shares of the business services provider’s stock worth $51,000 after buying an additional 60 shares in the last quarter. Ellsworth Advisors LLC grew its position in CorVel by 2.7% during the third quarter. Ellsworth Advisors LLC now owns 2,340 shares of the business services provider’s stock worth $765,000 after buying an additional 61 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in CorVel by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,351 shares of the business services provider’s stock worth $1,422,000 after acquiring an additional 67 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of CorVel by 435.3% in the 3rd quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 51.36% of the company’s stock.

CorVel Company Profile

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.