Insider Selling: CorVel Co. (NASDAQ:CRVL) Chairman Sells 1,000 Shares of Stock

CorVel Co. (NASDAQ:CRVL) Chairman V Gordon Clemons sold 1,000 shares of CorVel stock in a transaction on Monday, November 18th. The shares were sold at an average price of $77.64, for a total value of $77,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

V Gordon Clemons also recently made the following trade(s):

  • On Monday, November 11th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $77.75, for a total value of $155,500.00.
  • On Friday, November 8th, V Gordon Clemons sold 1,000 shares of CorVel stock. The shares were sold at an average price of $77.02, for a total value of $77,020.00.
  • On Wednesday, November 6th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $77.61, for a total value of $155,220.00.
  • On Monday, November 4th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $78.49, for a total value of $156,980.00.
  • On Friday, November 1st, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $80.31, for a total value of $160,620.00.
  • On Wednesday, October 30th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $80.32, for a total value of $160,640.00.
  • On Monday, October 28th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $78.78, for a total value of $157,560.00.
  • On Friday, October 25th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $77.58, for a total value of $155,160.00.
  • On Wednesday, October 23rd, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $76.78, for a total value of $153,560.00.
  • On Monday, October 21st, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $79.09, for a total value of $158,180.00.

Shares of CRVL stock traded up $0.80 on Thursday, hitting $78.59. The stock had a trading volume of 2,070 shares, compared to its average volume of 71,823. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market capitalization of $1.40 billion, a P/E ratio of 29.79 and a beta of 0.67. CorVel Co. has a 1 year low of $59.16 and a 1 year high of $93.96. The company’s 50 day moving average price is $77.81 and its 200-day moving average price is $81.00.

Several equities research analysts recently issued reports on CRVL shares. BidaskClub downgraded CorVel from a “hold” rating to a “sell” rating in a report on Saturday, November 16th. ValuEngine upgraded CorVel from a “strong sell” rating to a “sell” rating in a report on Monday, November 11th.

Several hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of CorVel in the 3rd quarter valued at $693,000. Mackay Shields LLC purchased a new stake in shares of CorVel in the 3rd quarter valued at $863,000. California Public Employees Retirement System raised its holdings in shares of CorVel by 10.0% in the 3rd quarter. California Public Employees Retirement System now owns 26,548 shares of the business services provider’s stock valued at $2,010,000 after buying an additional 2,423 shares during the period. State of Tennessee Treasury Department raised its holdings in shares of CorVel by 13.9% in the 3rd quarter. State of Tennessee Treasury Department now owns 11,305 shares of the business services provider’s stock valued at $855,000 after buying an additional 1,378 shares during the period. Finally, Chicago Equity Partners LLC raised its holdings in shares of CorVel by 6.5% in the 3rd quarter. Chicago Equity Partners LLC now owns 3,100 shares of the business services provider’s stock valued at $235,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 47.59% of the company’s stock.

About CorVel

CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.

Further Reading: Stock Symbol

Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

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