CorVel Co. (NASDAQ:CRVL) Director Steven J. Hamerslag Sells 2,000 Shares

CorVel Co. (NASDAQ:CRVLGet Free Report) Director Steven J. Hamerslag sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $239.95, for a total value of $479,900.00. Following the transaction, the director now directly owns 114,389 shares in the company, valued at $27,447,640.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CorVel Stock Up 2.1 %

Shares of NASDAQ:CRVL opened at $245.27 on Friday. CorVel Co. has a twelve month low of $172.50 and a twelve month high of $255.60. The stock’s 50 day moving average is $235.80 and its 200-day moving average is $216.26. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 56.78 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 (EPS) for the quarter. CorVel had a return on equity of 34.66% and a net margin of 9.69%. The business had revenue of $202.30 million during the quarter.

Institutional Investors Weigh In On CorVel

Several institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC grew its holdings in CorVel by 38.0% during the fourth quarter. Neuberger Berman Group LLC now owns 208,748 shares of the business services provider’s stock worth $51,605,000 after buying an additional 57,482 shares in the last quarter. AXS Investments LLC purchased a new stake in CorVel during the fourth quarter worth about $189,000. Corient Private Wealth LLC boosted its stake in CorVel by 30.0% in the fourth quarter. Corient Private Wealth LLC now owns 2,321 shares of the business services provider’s stock valued at $574,000 after acquiring an additional 535 shares during the last quarter. UBS Group AG increased its stake in shares of CorVel by 36.3% during the 4th quarter. UBS Group AG now owns 17,964 shares of the business services provider’s stock worth $4,441,000 after purchasing an additional 4,782 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of CorVel in the 4th quarter worth approximately $19,974,000. Institutional investors own 51.36% of the company’s stock.

About CorVel

(Get 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.

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Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

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