Mutual of America Capital Management LLC Sells 161 Shares of CorVel Corp. (NASDAQ:CRVL)

Mutual of America Capital Management LLC lowered its position in shares of CorVel Corp. (NASDAQ:CRVL) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,964 shares of the business services provider’s stock after selling 161 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CorVel were worth $444,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in CorVel by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 143,654 shares of the business services provider’s stock worth $16,085,000 after acquiring an additional 3,818 shares during the last quarter. Farther Finance Advisors LLC boosted its position in CorVel by 44.7% during the 1st quarter. Farther Finance Advisors LLC now owns 816 shares of the business services provider’s stock worth $93,000 after acquiring an additional 252 shares during the last quarter. GAMMA Investing LLC boosted its position in CorVel by 58.6% during the 1st quarter. GAMMA Investing LLC now owns 685 shares of the business services provider’s stock worth $77,000 after acquiring an additional 253 shares during the last quarter. KBC Group NV boosted its position in CorVel by 35.1% during the 1st quarter. KBC Group NV now owns 1,564 shares of the business services provider’s stock worth $175,000 after acquiring an additional 406 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in CorVel by 3.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,345 shares of the business services provider’s stock worth $1,606,000 after acquiring an additional 461 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised CorVel from a “hold” rating to a “buy” rating in a research report on Friday, April 18th.

CorVel Stock Up 1.5%

Shares of CorVel stock opened at $87.47 on Tuesday. The stock has a market cap of $4.49 billion, a P/E ratio of 45.09 and a beta of 0.95. CorVel Corp. has a 12-month low of $85.13 and a 12-month high of $128.61. The business’s 50 day moving average is $98.45 and its 200-day moving average is $107.44.

CorVel (NASDAQ:CRVL) last released its quarterly earnings data on Tuesday, August 5th. The business services provider reported $0.52 EPS for the quarter. CorVel had a return on equity of 32.31% and a net margin of 10.98%.

Insider Buying and Selling

In other news, CFO Brandon O’brien sold 3,957 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $108.46, for a total value of $429,176.22. Following the completion of the sale, the chief financial officer owned 11,804 shares of the company’s stock, valued at approximately $1,280,261.84. This represents a 25.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark E. Bertels sold 900 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $113.34, for a total value of $102,006.00. Following the completion of the sale, the executive vice president directly owned 2,586 shares of the company’s stock, valued at approximately $293,097.24. The trade was a 25.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,079 shares of company stock worth $1,446,023 in the last quarter. 44.56% of the stock is owned by company insiders.

CorVel Company Profile

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.