Maxim Shishin Sells 2,250 Shares of CorVel (NASDAQ:CRVL) Stock

CorVel Corp. (NASDAQ:CRVL) insider Maxim Shishin sold 2,250 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $60.59, for a total value of $136,327.50. Following the completion of the transaction, the insider owned 7,050 shares of the company’s stock, valued at $427,159.50. The trade was a 24.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

CorVel Trading Up 1.4%

Shares of NASDAQ CRVL opened at $59.69 on Wednesday. The business has a fifty day simple moving average of $58.18 and a 200 day simple moving average of $59.97. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 27.89 and a beta of 0.99. CorVel Corp. has a one year low of $44.83 and a one year high of $105.50.

CorVel (NASDAQ:CRVL) last issued its earnings results on Tuesday, May 19th. The business services provider reported $0.61 EPS for the quarter. The business had revenue of $248.55 million during the quarter. CorVel had a return on equity of 29.92% and a net margin of 11.51%.

Wall Street Analyst Weigh In

CRVL has been the subject of a number of recent research reports. Weiss Ratings lowered CorVel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. Wall Street Zen upgraded CorVel from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in CorVel during the third quarter worth $31,000. Los Angeles Capital Management LLC acquired a new position in CorVel during the fourth quarter worth $33,000. Quarry LP raised its stake in CorVel by 218.6% during the third quarter. Quarry LP now owns 513 shares of the business services provider’s stock worth $40,000 after acquiring an additional 352 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in CorVel during the fourth quarter worth $37,000. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of CorVel by 66.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 574 shares of the business services provider’s stock worth $39,000 after purchasing an additional 230 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

CorVel Company Profile

CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.

The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).