CorVel Co. (CRVL) Major Shareholder Sells $1,056,065.10 in Stock

CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 16,035 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $65.86, for a total transaction of $1,056,065.10. Following the completion of the transaction, the insider now owns 6,920,602 shares of the company’s stock, valued at $455,790,847.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Corstar Holdings Inc also recently made the following trade(s):

  • On Tuesday, March 12th, Corstar Holdings Inc sold 2,954 shares of CorVel stock. The stock was sold at an average price of $65.12, for a total transaction of $192,364.48.
  • On Thursday, February 14th, Corstar Holdings Inc sold 27,513 shares of CorVel stock. The stock was sold at an average price of $65.70, for a total transaction of $1,807,604.10.
  • On Friday, January 25th, Corstar Holdings Inc sold 484 shares of CorVel stock. The stock was sold at an average price of $65.04, for a total transaction of $31,479.36.
  • On Friday, January 18th, Corstar Holdings Inc sold 100 shares of CorVel stock. The stock was sold at an average price of $65.00, for a total transaction of $6,500.00.

NASDAQ CRVL traded down $0.64 during trading on Thursday, hitting $65.11. 55,600 shares of the company’s stock traded hands, compared to its average volume of 45,844. CorVel Co. has a 12-month low of $48.25 and a 12-month high of $70.73. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 28.21 and a beta of 0.69.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings results on Tuesday, February 5th. The business services provider reported $0.54 earnings per share (EPS) for the quarter. CorVel had a net margin of 7.45% and a return on equity of 23.84%. The business had revenue of $146.08 million during the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRVL. First Trust Advisors LP boosted its position in CorVel by 78.0% during the third quarter. First Trust Advisors LP now owns 54,626 shares of the business services provider’s stock valued at $3,291,000 after buying an additional 23,938 shares during the period. Russell Investments Group Ltd. boosted its position in CorVel by 1.7% during the third quarter. Russell Investments Group Ltd. now owns 104,601 shares of the business services provider’s stock valued at $6,300,000 after buying an additional 1,707 shares during the period. Victory Capital Management Inc. boosted its position in CorVel by 30.3% during the third quarter. Victory Capital Management Inc. now owns 7,999 shares of the business services provider’s stock valued at $482,000 after buying an additional 1,859 shares during the period. Bank of New York Mellon Corp boosted its position in CorVel by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 126,738 shares of the business services provider’s stock valued at $7,636,000 after buying an additional 1,498 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in CorVel by 3.9% during the third quarter. Panagora Asset Management Inc. now owns 40,342 shares of the business services provider’s stock valued at $2,431,000 after buying an additional 1,511 shares during the period. Institutional investors and hedge funds own 46.66% of the company’s stock.

Separately, BidaskClub upgraded shares of CorVel from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th.

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CorVel Company Profile

CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.

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

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