CorVel Co. (NASDAQ:CRVL) Insider Maxim Shishin Sells 2,400 Shares of Stock

CorVel Co. (NASDAQ:CRVL) insider Maxim Shishin sold 2,400 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $108.09, for a total transaction of $259,416.00. Following the sale, the insider now directly owns 7,050 shares in the company, valued at $762,034.50. This represents a 25.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CorVel Stock Down 0.2%

Shares of CorVel stock opened at $108.06 on Thursday. CorVel Co. has a fifty-two week low of $79.25 and a fifty-two week high of $128.61. The business’s fifty day moving average is $111.90 and its two-hundred day moving average is $115.99. The firm has a market cap of $5.55 billion, a PE ratio of 63.57 and a beta of 1.02.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On CorVel

A number of large investors have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its position in CorVel by 193.7% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,714,351 shares of the business services provider’s stock worth $635,779,000 after purchasing an additional 3,768,440 shares in the last quarter. Vanguard Group Inc. boosted its position in CorVel by 202.1% during the 4th quarter. Vanguard Group Inc. now owns 3,281,649 shares of the business services provider’s stock worth $365,116,000 after purchasing an additional 2,195,466 shares during the period. Renaissance Technologies LLC increased its holdings in CorVel by 184.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,858,830 shares of the business services provider’s stock valued at $206,813,000 after purchasing an additional 1,204,611 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in CorVel by 187.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,545,619 shares of the business services provider’s stock valued at $171,969,000 after purchasing an additional 1,007,651 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in CorVel by 204.6% in the fourth quarter. Neuberger Berman Group LLC now owns 845,531 shares of the business services provider’s stock valued at $94,074,000 after purchasing an additional 567,984 shares during the period. 51.36% of the stock is currently 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.