CorVel (NASDAQ:CRVL) VP Jennifer Yoss Sells 1,999 Shares of Stock

CorVel Corp. (NASDAQ:CRVL) VP Jennifer Yoss sold 1,999 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $61.02, for a total transaction of $121,978.98. Following the completion of the sale, the vice president directly owned 2,173 shares of the company’s stock, valued at $132,596.46. The trade was a 47.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

CorVel Stock Performance

Shares of NASDAQ:CRVL opened at $59.40 on Thursday. The company has a 50-day simple moving average of $56.43 and a 200-day simple moving average of $61.35. CorVel Corp. has a one year low of $44.83 and a one year high of $113.64. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 27.76 and a beta of 0.98.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of CorVel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CorVel has an average rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Argent Capital Management LLC raised its holdings in CorVel by 52.4% during the first quarter. Argent Capital Management LLC now owns 40,531 shares of the business services provider’s stock worth $2,215,000 after purchasing an additional 13,930 shares in the last quarter. Royal Bank of Canada raised its holdings in CorVel by 24.8% during the first quarter. Royal Bank of Canada now owns 55,134 shares of the business services provider’s stock worth $3,013,000 after purchasing an additional 10,957 shares in the last quarter. Empowered Funds LLC raised its holdings in CorVel by 1.5% during the first quarter. Empowered Funds LLC now owns 15,815 shares of the business services provider’s stock worth $864,000 after purchasing an additional 239 shares in the last quarter. Quantinno Capital Management LP raised its holdings in CorVel by 328.4% during the first quarter. Quantinno Capital Management LP now owns 81,544 shares of the business services provider’s stock worth $4,456,000 after purchasing an additional 62,508 shares in the last quarter. Finally, Granahan Investment Management LLC raised its holdings in CorVel by 36.2% during the first quarter. Granahan Investment Management LLC now owns 79,896 shares of the business services provider’s stock worth $4,366,000 after purchasing an additional 21,217 shares in the last quarter. 51.36% of the stock is owned by hedge funds and other institutional investors.

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).