Insider Selling: CorVel Co. (NASDAQ:CRVL) Major Shareholder Sells 6,035 Shares of Stock

CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 6,035 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $68.29, for a total value of $412,130.15. Following the transaction, the insider now owns 6,856,157 shares of the company’s stock, valued at $468,206,961.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Corstar Holdings Inc also recently made the following trade(s):

  • On Thursday, May 9th, Corstar Holdings Inc sold 16,588 shares of CorVel stock. The stock was sold at an average price of $71.56, for a total value of $1,187,037.28.
  • On Friday, May 3rd, Corstar Holdings Inc sold 5,295 shares of CorVel stock. The shares were sold at an average price of $72.08, for a total value of $381,663.60.
  • On Monday, May 6th, Corstar Holdings Inc sold 20,112 shares of CorVel stock. The shares were sold at an average price of $72.06, for a total value of $1,449,270.72.
  • On Monday, April 29th, Corstar Holdings Inc sold 3,858 shares of CorVel stock. The shares were sold at an average price of $71.25, for a total value of $274,882.50.
  • On Wednesday, May 1st, Corstar Holdings Inc sold 16,840 shares of CorVel stock. The shares were sold at an average price of $71.42, for a total value of $1,202,712.80.
  • On Friday, April 26th, Corstar Holdings Inc sold 15,046 shares of CorVel stock. The shares were sold at an average price of $70.08, for a total value of $1,054,423.68.
  • On Tuesday, April 23rd, Corstar Holdings Inc sold 6,811 shares of CorVel stock. The shares were sold at an average price of $68.59, for a total value of $467,166.49.
  • On Monday, April 15th, Corstar Holdings Inc sold 3,831 shares of CorVel stock. The shares were sold at an average price of $68.22, for a total value of $261,350.82.
  • On Friday, April 12th, Corstar Holdings Inc sold 1,520 shares of CorVel stock. The stock was sold at an average price of $68.39, for a total value of $103,952.80.
  • On Wednesday, April 10th, Corstar Holdings Inc sold 3,175 shares of CorVel stock. The stock was sold at an average price of $68.35, for a total value of $217,011.25.

Shares of NASDAQ:CRVL traded up $0.37 during mid-day trading on Friday, reaching $72.98. 49,928 shares of the stock were exchanged, compared to its average volume of 47,501. The company has a market cap of $1.35 billion, a PE ratio of 31.57 and a beta of 0.72. CorVel Co. has a one year low of $50.10 and a one year high of $73.45.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings results on Tuesday, February 5th. The business services provider reported $0.54 earnings per share for the quarter. The firm had revenue of $146.08 million during the quarter. CorVel had a return on equity of 23.84% and a net margin of 7.45%.

Hedge funds have recently bought and sold shares of the business. Stanley Laman Group Ltd. lifted its position in shares of CorVel by 6.1% in the first quarter. Stanley Laman Group Ltd. now owns 10,364 shares of the business services provider’s stock valued at $676,000 after buying an additional 593 shares during the last quarter. Swiss National Bank lifted its position in shares of CorVel by 2.2% in the first quarter. Swiss National Bank now owns 18,800 shares of the business services provider’s stock valued at $1,227,000 after buying an additional 400 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CorVel by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 811,775 shares of the business services provider’s stock valued at $52,960,000 after buying an additional 6,131 shares during the last quarter. Cigna Investments Inc. New lifted its position in shares of CorVel by 25.9% in the first quarter. Cigna Investments Inc. New now owns 5,703 shares of the business services provider’s stock valued at $372,000 after buying an additional 1,173 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of CorVel by 3.1% in the first quarter. Wells Fargo & Company MN now owns 16,582 shares of the business services provider’s stock valued at $1,082,000 after buying an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 48.73% of the company’s stock.

Separately, BidaskClub upgraded CorVel from a “hold” rating to a “buy” rating in a report on Thursday, February 14th.

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CorVel Company Profile

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: Debt-To-Equity Ratio

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

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