Insider Selling: CorVel Co. (NASDAQ:CRVL) CFO Sells $359,863.00 in Stock

CorVel Co. (NASDAQ:CRVL – Get Rating) CFO Brandon O’brien sold 2,036 shares of CorVel stock in a transaction on Monday, March 13th. The shares were sold at an average price of $176.75, for a total transaction of $359,863.00. Following the completion of the transaction, the chief financial officer now owns 3,182 shares in the company, valued at $562,418.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Brandon O’brien also recently made the following trade(s):

• On Wednesday, February 8th, Brandon O’brien sold 1,668 shares of CorVel stock. The stock was sold at an average price of $185.16, for a total value of $308,846.88.

CorVel Price Performance

Shares of NASDAQ CRVL opened at $186.13 on Friday. The stock has a fifty day moving average price of $175.00 and a 200 day moving average price of $158.08. CorVel Co. has a 1-year low of $129.19 and a 1-year high of $192.13. The company has a market cap of $3.19 billion, a PE ratio of 48.73 and a beta of 1.06.

CorVel (NASDAQ:CRVL – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The business services provider reported $0.96 EPS for the quarter. The company had revenue of $179.39 million during the quarter. CorVel had a net margin of 9.63% and a return on equity of 33.47%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on CorVel in a research report on Thursday. They set a “buy” rating for the company.

Institutional Investors Weigh In On CorVel

A number of hedge funds have recently added to or reduced their stakes in CRVL. Norges Bank acquired a new position in CorVel during the 4th quarter worth approximately $10,475,000. Raymond James & Associates boosted its stake in shares of CorVel by 2,449.9% in the third quarter. Raymond James & Associates now owns 42,787 shares of the business services provider’s stock valued at $5,923,000 after buying an additional 41,109 shares in the last quarter. Ancora Advisors LLC grew its holdings in CorVel by 377.9% during the first quarter. Ancora Advisors LLC now owns 18,251 shares of the business services provider’s stock worth $1,872,000 after acquiring an additional 14,432 shares during the period. Vanguard Group Inc. raised its position in CorVel by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,111,277 shares of the business services provider’s stock worth $187,184,000 after acquiring an additional 12,430 shares in the last quarter. Finally, State Street Corp lifted its holdings in CorVel by 3.8% in the first quarter. State Street Corp now owns 318,373 shares of the business services provider’s stock valued at $53,627,000 after acquiring an additional 11,548 shares during the period. Institutional investors and hedge funds own 50.75% of the company’s stock.

CorVel Company Profile

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