Yousif Capital Management LLC Has $1.25 Million Stock Holdings in CorVel Co. (NASDAQ:CRVL)

Yousif Capital Management LLC raised its holdings in CorVel Co. (NASDAQ:CRVL) by 4.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,060 shares of the business services provider’s stock after acquiring an additional 207 shares during the quarter. Yousif Capital Management LLC’s holdings in CorVel were worth $1,251,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CRVL. SG Americas Securities LLC bought a new stake in shares of CorVel in the third quarter worth $853,000. Raymond James & Associates lifted its holdings in CorVel by 34.1% during the 3rd quarter. Raymond James & Associates now owns 59,060 shares of the business services provider’s stock worth $11,614,000 after buying an additional 15,030 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of CorVel by 70.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,112 shares of the business services provider’s stock valued at $1,202,000 after buying an additional 2,517 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of CorVel by 9.6% in the third quarter. Teacher Retirement System of Texas now owns 9,329 shares of the business services provider’s stock valued at $1,835,000 after buying an additional 815 shares during the period. Finally, West Coast Financial LLC raised its position in shares of CorVel by 3.3% during the third quarter. West Coast Financial LLC now owns 14,683 shares of the business services provider’s stock worth $2,887,000 after acquiring an additional 463 shares during the last quarter. Institutional investors own 51.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of CorVel from a “buy” rating to a “hold” rating in a research note on Friday.

Insiders Place Their Bets

In related news, Director Jean Macino sold 3,130 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $253.42, for a total transaction of $793,204.60. Following the transaction, the director now owns 14,160 shares in the company, valued at approximately $3,588,427.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CorVel news, Director Jean Macino sold 3,130 shares of CorVel stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $253.42, for a total value of $793,204.60. Following the completion of the sale, the director now directly owns 14,160 shares of the company’s stock, valued at $3,588,427.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman V Gordon Clemons sold 1,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $248.00, for a total transaction of $248,000.00. Following the transaction, the chairman now directly owns 312,534 shares in the company, valued at approximately $77,508,432. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,543 shares of company stock worth $2,881,792. Corporate insiders own 48.71% of the company’s stock.

CorVel Trading Up 0.4 %

Shares of CorVel stock opened at $242.51 on Friday. The business has a 50-day moving average price of $243.41 and a two-hundred day moving average price of $231.37. CorVel Co. has a 1-year low of $187.92 and a 1-year high of $265.14. The company has a market cap of $4.15 billion, a P/E ratio of 56.14 and a beta of 1.08.

CorVel (NASDAQ:CRVL) last released its earnings results on Tuesday, January 30th. The business services provider reported $0.99 EPS for the quarter. CorVel had a return on equity of 34.66% and a net margin of 9.69%. The business had revenue of $202.30 million during the quarter.

CorVel Company Profile

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs.