Jump Financial LLC Has $590,000 Position in CorVel Co. (NASDAQ:CRVL)

Jump Financial LLC raised its stake in CorVel Co. (NASDAQ:CRVLFree Report) by 139.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,002 shares of the business services provider’s stock after buying an additional 1,746 shares during the period. Jump Financial LLC’s holdings in CorVel were worth $590,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CRVL. Altshuler Shaham Ltd acquired a new position in CorVel during the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in shares of CorVel in the 2nd quarter valued at $34,000. First Capital Advisors Group LLC. acquired a new stake in CorVel during the 2nd quarter worth $35,000. Federated Hermes Inc. grew its stake in CorVel by 55.3% in the third quarter. Federated Hermes Inc. now owns 340 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 121 shares during the period. Finally, Point72 Hong Kong Ltd increased its holdings in shares of CorVel by 327.6% in the second quarter. Point72 Hong Kong Ltd now owns 325 shares of the business services provider’s stock worth $48,000 after acquiring an additional 249 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

CorVel Price Performance

NASDAQ:CRVL opened at $240.23 on Friday. The business’s 50-day simple moving average is $235.22 and its 200-day simple moving average is $216.02. CorVel Co. has a fifty-two week low of $172.50 and a fifty-two week high of $255.60. The stock has a market capitalization of $4.11 billion, a PE ratio of 55.61 and a beta of 1.08.

CorVel (NASDAQ:CRVLGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.99 earnings per share for the quarter. CorVel had a net margin of 9.69% and a return on equity of 34.66%. The firm had revenue of $202.30 million for the quarter.

Insiders Place Their Bets

In related news, Chairman V Gordon Clemons sold 3,000 shares of CorVel stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $239.70, for a total value of $719,100.00. Following the sale, the chairman now owns 315,534 shares of the company’s stock, valued at approximately $75,633,499.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Jennifer Yoss sold 1,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $239.41, for a total transaction of $359,115.00. Following the sale, the vice president now owns 512 shares in the company, valued at $122,577.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman V Gordon Clemons sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $239.70, for a total value of $719,100.00. Following the completion of the transaction, the chairman now owns 315,534 shares of the company’s stock, valued at $75,633,499.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,800 shares of company stock worth $2,829,202. Corporate insiders own 48.71% of the company’s stock.

About CorVel

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CorVel Co. (NASDAQ:CRVLFree Report).

Institutional Ownership by Quarter for CorVel (NASDAQ:CRVL)

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