CorVel Corp. (NASDAQ:CRVL) Stock Position Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in CorVel Corp. (NASDAQ:CRVL) by 2.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,916 shares of the business services provider’s stock after selling 264 shares during the period. Yousif Capital Management LLC’s holdings in CorVel were worth $1,222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CRVL. Allspring Global Investments Holdings LLC raised its position in CorVel by 32,000.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,247 shares of the business services provider’s stock worth $245,000 after acquiring an additional 2,240 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of CorVel by 200.0% in the 4th quarter. New York State Teachers Retirement System now owns 26,172 shares of the business services provider’s stock worth $2,912,000 after purchasing an additional 17,448 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of CorVel by 210.6% in the 4th quarter. Rhumbline Advisers now owns 84,724 shares of the business services provider’s stock worth $9,426,000 after purchasing an additional 57,445 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of CorVel by 176.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 17,574 shares of the business services provider’s stock worth $1,955,000 after purchasing an additional 11,228 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of CorVel by 210.2% in the 4th quarter. Principal Financial Group Inc. now owns 139,836 shares of the business services provider’s stock worth $15,558,000 after purchasing an additional 94,751 shares in the last quarter. Institutional investors own 51.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other CorVel news, Director R Judd Jessup sold 935 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $113.50, for a total transaction of $106,122.50. Following the sale, the director now directly owns 129,519 shares of the company’s stock, valued at $14,700,406.50. The trade was a 0.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Maxim Shishin sold 2,400 shares of the business’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $108.09, for a total transaction of $259,416.00. Following the sale, the insider now directly owns 7,050 shares in the company, valued at approximately $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. Insiders have sold 29,602 shares of company stock worth $3,379,049 over the last 90 days. 47.57% of the stock is owned by company insiders.

CorVel Stock Down 0.3%

Shares of CorVel stock opened at $102.67 on Wednesday. The stock’s fifty day moving average is $111.44 and its 200-day moving average is $115.46. The firm has a market capitalization of $5.27 billion, a PE ratio of 55.90 and a beta of 1.02. CorVel Corp. has a 12-month low of $81.46 and a 12-month high of $128.61.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.51 earnings per share (EPS) for the quarter. The firm 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.