Steward Partners Investment Advisory LLC Takes Position in CorVel Co. (NASDAQ:CRVL)

Steward Partners Investment Advisory LLC bought a new stake in CorVel Co. (NASDAQ:CRVL – Get Rating) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 267 shares of the business services provider’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. FourThought Financial LLC bought a new position in shares of CorVel during the 1st quarter worth approximately $44,000. CWM LLC bought a new stake in shares of CorVel during the 4th quarter worth about $74,000. Nisa Investment Advisors LLC grew its stake in CorVel by 23.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 371 shares of the business services provider’s stock valued at $62,000 after buying an additional 71 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in CorVel in the 4th quarter valued at about $140,000. Finally, American Century Companies Inc. acquired a new stake in CorVel during the fourth quarter worth approximately $242,000. 51.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Brandon O’brien sold 1,204 shares of CorVel stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $134.01, for a total value of $161,348.04. Following the transaction, the chief financial officer now directly owns 2,664 shares of the company’s stock, valued at $357,002.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman V Gordon Clemons sold 1,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $165.59, for a total value of $165,590.00. Following the completion of the transaction, the chairman now owns 454,920 shares of the company’s stock, valued at $75,330,202.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brandon O’brien sold 1,204 shares of CorVel stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $134.01, for a total transaction of $161,348.04. Following the sale, the chief financial officer now directly owns 2,664 shares in the company, valued at $357,002.64. The disclosure for this sale can be found here. Insiders have sold 69,134 shares of company stock valued at $10,602,121 over the last 90 days. 48.56% of the stock is owned by corporate insiders.

CorVel Stock Performance

CRVL stock opened at $163.61 on Friday. CorVel Co. has a 52 week low of $129.19 and a 52 week high of $213.38. The company has a market capitalization of $2.87 billion, a PE ratio of 44.58 and a beta of 0.95. The company’s 50-day simple moving average is $149.19 and its 200 day simple moving average is $158.92.

CorVel (NASDAQ:CRVL – Get Rating) last announced its earnings results on Thursday, May 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter. CorVel had a net margin of 9.89% and a return on equity of 30.53%. The firm had revenue of $171.36 million for the quarter.

Analyst Ratings Changes

Separately, TheStreet upgraded CorVel from a “c+” rating to a “b” rating in a research note on Friday, July 15th.

CorVel Company Profile

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CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. 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.