Impact Capital Partners LLC Purchases 583 Shares of CorVel Co. (NASDAQ:CRVL)

Impact Capital Partners LLC increased its holdings in shares of CorVel Co. (NASDAQ:CRVL) by 8.3% during the first quarter, Holdings Channel reports. The fund owned 7,568 shares of the business services provider’s stock after acquiring an additional 583 shares during the quarter. Impact Capital Partners LLC’s holdings in CorVel were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Chatham Capital Group Inc. grew its holdings in shares of CorVel by 4.4% during the 1st quarter. Chatham Capital Group Inc. now owns 57,955 shares of the business services provider’s stock worth $6,489,000 after purchasing an additional 2,440 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of CorVel by 17,654.4% in the first quarter. GAMMA Investing LLC now owns 76,699 shares of the business services provider’s stock valued at $8,588,000 after buying an additional 76,267 shares during the period. California State Teachers Retirement System increased its stake in shares of CorVel by 196.0% in the fourth quarter. California State Teachers Retirement System now owns 26,310 shares of the business services provider’s stock valued at $2,927,000 after buying an additional 17,421 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in CorVel by 184.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,884 shares of the business services provider’s stock worth $1,545,000 after purchasing an additional 8,998 shares during the period. Finally, NorthCrest Asset Manangement LLC grew its stake in CorVel by 200.0% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 8,235 shares of the business services provider’s stock worth $916,000 after purchasing an additional 5,490 shares during the period. 51.36% of the stock is owned by institutional investors and hedge funds.

CorVel Stock Performance

NASDAQ:CRVL opened at $109.56 on Friday. CorVel Co. has a 52-week low of $76.53 and a 52-week high of $128.61. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 64.45 and a beta of 1.02. The business’s fifty day moving average is $112.07 and its 200 day moving average is $116.24.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $231.51 million during the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

Insider Transactions at CorVel

In other CorVel news, Director R Judd Jessup sold 687 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $111.25, for a total transaction of $76,428.75. Following the sale, the director now directly owns 128,832 shares in the company, valued at approximately $14,332,560. This trade represents a 0.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan Hoops sold 3,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $113.05, for a total value of $339,150.00. Following the sale, the director now owns 16,688 shares in the company, valued at approximately $1,886,578.40. This represents a 15.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,245 shares of company stock valued at $2,690,457. Corporate insiders own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CorVel 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.