CorVel Corp. (NASDAQ:CRVL) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of CorVel Corp. (NASDAQ:CRVL) by 519.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,416 shares of the business services provider’s stock after purchasing an additional 7,896 shares during the quarter. SG Americas Securities LLC’s holdings in CorVel were worth $1,054,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of CorVel by 58.6% during the 1st quarter. GAMMA Investing LLC now owns 685 shares of the business services provider’s stock worth $77,000 after buying an additional 253 shares during the period. Farther Finance Advisors LLC increased its holdings in CorVel by 44.7% in the 1st quarter. Farther Finance Advisors LLC now owns 816 shares of the business services provider’s stock worth $93,000 after acquiring an additional 252 shares in the last quarter. Impact Capital Partners LLC increased its holdings in CorVel by 8.3% in the 1st quarter. Impact Capital Partners LLC now owns 7,568 shares of the business services provider’s stock worth $847,000 after acquiring an additional 583 shares in the last quarter. Chatham Capital Group Inc. raised its position in CorVel by 4.4% during the first quarter. Chatham Capital Group Inc. now owns 57,955 shares of the business services provider’s stock worth $6,489,000 after acquiring an additional 2,440 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in CorVel by 196.0% during the fourth quarter. California State Teachers Retirement System now owns 26,310 shares of the business services provider’s stock valued at $2,927,000 after purchasing an additional 17,421 shares in the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

Insider Activity at CorVel

In related news, VP Jennifer Yoss sold 1,050 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $111.39, for a total transaction of $116,959.50. Following the completion of the sale, the vice president now owns 2,088 shares of the company’s stock, valued at approximately $232,582.32. This represents a 33.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maxim Shishin sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $108.09, for a total transaction of $259,416.00. Following the completion of the transaction, the insider now directly owns 7,050 shares in the company, valued at $762,034.50. This trade represents a 25.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,602 shares of company stock valued at $3,379,049. 47.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of CorVel from a “hold” rating to a “buy” rating in a research note on Friday, April 18th.

CorVel Trading Down 0.3%

CRVL stock opened at $102.67 on Wednesday. CorVel Corp. has a 12-month low of $81.46 and a 12-month high of $128.61. The business’s 50-day moving average is $111.44 and its 200 day moving average is $115.46. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 55.90 and a beta of 1.02.

CorVel (NASDAQ:CRVL) last released its earnings results on Thursday, May 22nd. The business services provider reported $0.51 earnings per share for the quarter. The business had revenue of $231.51 million for the quarter. CorVel had a return on equity of 32.55% and a net margin of 10.63%.

CorVel Profile

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. 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. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.