CorVel Co. (NASDAQ:CRVL) Chairman V Gordon Clemons Sells 1,000 Shares

CorVel Co. (NASDAQ:CRVL) Chairman V Gordon Clemons sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $85.15, for a total value of $85,150.00. Following the completion of the sale, the chairman now owns 910,646 shares of the company’s stock, valued at $77,541,506.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, September 3rd, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $84.87, for a total value of $169,740.00.
  • On Thursday, August 27th, V Gordon Clemons sold 3,000 shares of CorVel stock. The stock was sold at an average price of $82.96, for a total transaction of $248,880.00.
  • On Friday, August 21st, V Gordon Clemons sold 750 shares of CorVel stock. The shares were sold at an average price of $80.13, for a total value of $60,097.50.
  • On Wednesday, August 19th, V Gordon Clemons sold 1,000 shares of CorVel stock. The stock was sold at an average price of $81.64, for a total value of $81,640.00.
  • On Monday, August 3rd, V Gordon Clemons sold 1,500 shares of CorVel stock. The stock was sold at an average price of $78.95, for a total value of $118,425.00.
  • On Friday, July 31st, V Gordon Clemons sold 1,500 shares of CorVel stock. The stock was sold at an average price of $78.52, for a total value of $117,780.00.
  • On Wednesday, July 29th, V Gordon Clemons sold 1,500 shares of CorVel stock. The shares were sold at an average price of $78.60, for a total transaction of $117,900.00.
  • On Monday, July 27th, V Gordon Clemons sold 1,500 shares of CorVel stock. The stock was sold at an average price of $76.22, for a total transaction of $114,330.00.
  • On Wednesday, July 22nd, V Gordon Clemons sold 1,500 shares of CorVel stock. The shares were sold at an average price of $77.99, for a total transaction of $116,985.00.
  • On Friday, July 24th, V Gordon Clemons sold 4,500 shares of CorVel stock. The stock was sold at an average price of $77.57, for a total value of $349,065.00.

Shares of NASDAQ:CRVL traded down $0.10 during mid-day trading on Wednesday, reaching $85.20. 42,532 shares of the company were exchanged, compared to its average volume of 43,552. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 37.25 and a beta of 0.89. The firm’s 50-day simple moving average is $81.72 and its 200 day simple moving average is $67.36. CorVel Co. has a 1 year low of $44.67 and a 1 year high of $96.45.

CorVel (NASDAQ:CRVL) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $0.46 EPS for the quarter. CorVel had a return on equity of 21.62% and a net margin of 7.39%. The business had revenue of $129.60 million during the quarter.

A number of institutional investors have recently made changes to their positions in CRVL. Two Sigma Advisers LP grew its position in CorVel by 6.5% in the 2nd quarter. Two Sigma Advisers LP now owns 16,448 shares of the business services provider’s stock valued at $1,166,000 after acquiring an additional 1,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of CorVel by 4.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 58,867 shares of the business services provider’s stock valued at $4,174,000 after purchasing an additional 2,653 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of CorVel in the second quarter valued at approximately $346,000. Sei Investments Co. purchased a new stake in CorVel during the 2nd quarter worth approximately $536,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in CorVel during the 2nd quarter worth approximately $29,033,000. Institutional investors own 46.69% of the company’s stock.

Several brokerages have recently commented on CRVL. TheStreet raised CorVel from a “c+” rating to a “b” rating in a research note on Thursday, June 25th. BidaskClub upgraded shares of CorVel from a “buy” rating to a “strong-buy” rating in a report on Friday, September 11th.

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.

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