CorVel (NASDAQ:CRVL) Director Sells $89,147.68 in Stock

CorVel Corp. (NASDAQ:CRVL) Director R Judd Jessup sold 1,262 shares of CorVel stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $70.64, for a total value of $89,147.68. Following the sale, the director owned 115,821 shares of the company’s stock, valued at approximately $8,181,595.44. This represents a 1.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

R Judd Jessup also recently made the following trade(s):

• On Wednesday, August 26th, R Judd Jessup sold 1,562 shares of CorVel stock. The shares were sold at an average price of $70.71, for a total transaction of $110,449.02.

CorVel Price Performance

Shares of NASDAQ CRVL opened at $69.24 on Monday. CorVel Corp. has a 12 month low of $44.83 and a 12 month high of $93.45. The company has a 50-day simple moving average of $63.41 and a 200-day simple moving average of $58.31. The company has a market cap of $3.53 billion, a PE ratio of 30.77 and a beta of 0.98.

CorVel (NASDAQ:CRVL) last released its earnings results on Tuesday, August 4th. The business services provider reported $0.63 EPS for the quarter. CorVel had a net margin of 11.72% and a return on equity of 29.92%. The firm had revenue of $259.93 million during the quarter.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Weiss Ratings raised CorVel from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Wall Street Zen raised shares of CorVel from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On CorVel

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new stake in CorVel during the 3rd quarter worth $31,000. Los Angeles Capital Management LLC purchased a new stake in shares of CorVel in the fourth quarter worth about $33,000. Quarry LP boosted its position in shares of CorVel by 218.6% in the third quarter. Quarry LP now owns 513 shares of the business services provider’s stock worth $40,000 after buying an additional 352 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of CorVel by 66.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 574 shares of the business services provider’s stock valued at $39,000 after buying an additional 230 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in shares of CorVel in the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

About CorVel

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).