Insider Selling: CorVel Co. (NASDAQ:CRVL) Chairman Sells 3,600 Shares of Stock

CorVel Co. (NASDAQ:CRVL) Chairman V Gordon Clemons sold 3,600 shares of the firm’s stock in a transaction on Thursday, December 31st. The shares were sold at an average price of $104.77, for a total transaction of $377,172.00. Following the completion of the transaction, the chairman now directly owns 901,000 shares of the company’s stock, valued at $94,397,770. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, December 23rd, V Gordon Clemons sold 1,200 shares of CorVel stock. The shares were sold at an average price of $104.96, for a total transaction of $125,952.00.
  • On Monday, December 28th, V Gordon Clemons sold 3,600 shares of CorVel stock. The stock was sold at an average price of $104.67, for a total transaction of $376,812.00.
  • On Monday, December 21st, V Gordon Clemons sold 1,200 shares of CorVel stock. The stock was sold at an average price of $100.46, for a total transaction of $120,552.00.
  • On Thursday, December 17th, V Gordon Clemons sold 3,000 shares of CorVel stock. The stock was sold at an average price of $97.54, for a total transaction of $292,620.00.
  • On Wednesday, December 9th, V Gordon Clemons sold 1,200 shares of CorVel stock. The stock was sold at an average price of $95.66, for a total transaction of $114,792.00.
  • On Friday, December 11th, V Gordon Clemons sold 2,200 shares of CorVel stock. The stock was sold at an average price of $95.03, for a total transaction of $209,066.00.
  • On Friday, December 4th, V Gordon Clemons sold 800 shares of CorVel stock. The stock was sold at an average price of $92.46, for a total value of $73,968.00.
  • On Monday, December 7th, V Gordon Clemons sold 3,300 shares of CorVel stock. The stock was sold at an average price of $92.78, for a total value of $306,174.00.
  • On Wednesday, December 2nd, V Gordon Clemons sold 3,000 shares of CorVel stock. The stock was sold at an average price of $92.35, for a total value of $277,050.00.
  • On Monday, November 30th, V Gordon Clemons sold 1,000 shares of CorVel stock. The stock was sold at an average price of $91.36, for a total value of $91,360.00.

CRVL stock opened at $106.00 on Friday. The business has a 50-day moving average price of $95.88 and a 200 day moving average price of $85.18. The company has a market capitalization of $1.90 billion, a P/E ratio of 47.11 and a beta of 0.81. CorVel Co. has a 1-year low of $44.67 and a 1-year high of $106.86.

CorVel (NASDAQ:CRVL) last released its quarterly earnings data on Monday, November 2nd. The business services provider reported $0.65 earnings per share for the quarter. The firm had revenue of $136.03 million during the quarter. CorVel had a return on equity of 21.07% and a net margin of 7.36%.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of CorVel by 1.4% in the third quarter. BlackRock Inc. now owns 1,453,856 shares of the business services provider’s stock valued at $124,205,000 after acquiring an additional 20,175 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of CorVel in the second quarter valued at about $29,033,000. Boston Trust Walden Corp raised its holdings in shares of CorVel by 18.7% in the third quarter. Boston Trust Walden Corp now owns 343,534 shares of the business services provider’s stock valued at $29,348,000 after acquiring an additional 54,196 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of CorVel by 5.0% in the third quarter. Principal Financial Group Inc. now owns 73,632 shares of the business services provider’s stock valued at $6,290,000 after acquiring an additional 3,484 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in CorVel by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 59,671 shares of the business services provider’s stock valued at $5,098,000 after purchasing an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 44.52% of the company’s stock.

Separately, BidaskClub upgraded CorVel from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 23rd.

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 enables its clients to intervene and connect to the critical intelligence they need to proactively manage risk.

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

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