R Judd Jessup Sells 935 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVL) Director R Judd Jessup sold 935 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $113.50, for a total value of $106,122.50. Following the completion of the sale, the director now owns 129,519 shares in the company, valued at approximately $14,700,406.50. The trade was a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CorVel Trading Up 0.3%

Shares of NASDAQ:CRVL opened at $110.73 on Friday. The stock has a market capitalization of $5.69 billion, a P/E ratio of 65.14 and a beta of 1.10. The stock’s 50-day moving average price is $112.18 and its 200-day moving average price is $116.53. CorVel Co. has a 12-month low of $76.53 and a 12-month high of $128.61.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $231.51 million for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of CorVel from a “hold” rating to a “buy” rating in a research report on Friday, April 18th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in CorVel by 152.8% in the 4th quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider’s stock worth $12,137,000 after acquiring an additional 65,940 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CorVel by 297.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,900 shares of the business services provider’s stock worth $768,000 after purchasing an additional 5,163 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of CorVel by 199.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,343 shares of the business services provider’s stock worth $594,000 after purchasing an additional 3,558 shares during the last quarter. Federated Hermes Inc. increased its holdings in CorVel by 154.9% during the 4th quarter. Federated Hermes Inc. now owns 492 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 299 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in CorVel by 116.6% during the 4th quarter. Nuveen Asset Management LLC now owns 75,621 shares of the business services provider’s stock valued at $8,414,000 after purchasing an additional 40,715 shares during the period. 51.36% of the stock is owned by hedge funds and other institutional investors.

About CorVel

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.