2 weeks Ago By ABMN Staff
CorVel Co. ( NASDAQ:CRVL – Get Free Report )’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $327.
00 and last traded at $327.00, with a volume of 5854 shares changing hands. The stock had previously closed at $321.
17. Wall Street Analyst Weigh In Separately, StockNews.com lowered CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st.
Read Our Latest Stock Analysis on CorVel CorVel Stock Performance CorVel ( NASDAQ:CRVL – Get Free Report ) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.25 EPS for the quarter.
The business had revenue of $211.72 million for the quarter. CorVel had a net margin of 9.
55% and a return on equity of 32.25%. Insider Buying and Selling at CorVel In other news, Director R Judd Jessup sold 2,131 shares of the company’s stock in a transaction dated Thursday, August 8th.
The stock was sold at an average price of $295.21, for a total transaction of $629,092.51.
Following the completion of the transaction, the director now directly owns 43,277 shares of the company’s stock, valued at $12,775,803.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .
In other CorVel news, Director R Judd Jessup sold 2,131 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $295.21, for a total value of $629,092.
51. Following the sale, the director now owns 43,277 shares in the company, valued at approximately $12,775,803.17.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . Also, Director Alan Hoops sold 1,700 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $300.
00, for a total value of $510,000.00. Following the transaction, the director now directly owns 9,396 shares of the company’s stock, valued at approximately $2,818,800.
The disclosure for this sale can be found here . Insiders have sold 72,431 shares of company stock valued at $19,961,847 in the last 90 days. 47.
57% of the stock is currently owned by company insiders. Institutional Investors Weigh In On CorVel Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of CorVel by 1.
1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,925,635 shares of the business services provider’s stock worth $489,631,000 after buying an additional 21,673 shares during the last quarter. Assenagon Asset Management S.
A. increased its position in shares of CorVel by 41.8% in the second quarter.
Assenagon Asset Management S.A. now owns 115,876 shares of the business services provider’s stock valued at $29,464,000 after acquiring an additional 34,155 shares during the last quarter.
Norges Bank bought a new stake in CorVel during the fourth quarter worth about $19,974,000. Bank of New York Mellon Corp boosted its position in CorVel by 2.1% during the second quarter.
Bank of New York Mellon Corp now owns 73,617 shares of the business services provider’s stock valued at $18,719,000 after purchasing an additional 1,479 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in CorVel by 997.8% in the first quarter.
Janus Henderson Group PLC now owns 46,975 shares of the business services provider’s stock valued at $12,351,000 after purchasing an additional 42,696 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.
CorVel Company Profile ( Get Free Report ) 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.
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