Charles Schwab Investment Management Inc. Grows Position in CorVel Corp. $CRVL

Charles Schwab Investment Management Inc. raised its position in CorVel Corp. (NASDAQ:CRVL) by 0.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 262,276 shares of the business services provider’s stock after purchasing an additional 632 shares during the period. Charles Schwab Investment Management Inc. owned about 0.51% of CorVel worth $29,367,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new position in shares of CorVel in the 1st quarter worth about $25,000. LGT Financial Advisors LLC grew its stake in CorVel by 200.0% during the 4th quarter. LGT Financial Advisors LLC now owns 255 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 170 shares in the last quarter. von Borstel & Associates Inc. acquired a new position in shares of CorVel in the 1st quarter worth approximately $28,000. Allworth Financial LP grew its position in shares of CorVel by 4,000.0% in the 1st quarter. Allworth Financial LP now owns 574 shares of the business services provider’s stock worth $64,000 after acquiring an additional 560 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of CorVel by 58.6% in the 1st quarter. GAMMA Investing LLC now owns 685 shares of the business services provider’s stock worth $77,000 after acquiring an additional 253 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

CorVel Stock Performance

Shares of CRVL stock opened at $89.51 on Wednesday. CorVel Corp. has a 1 year low of $85.13 and a 1 year high of $128.61. The stock has a fifty day moving average of $95.98 and a two-hundred day moving average of $106.40. The firm has a market capitalization of $4.59 billion, a PE ratio of 46.14 and a beta of 0.95.

CorVel (NASDAQ:CRVL) last announced its quarterly earnings data on Tuesday, August 5th. The business services provider reported $0.52 earnings per share (EPS) for the quarter. CorVel had a return on equity of 32.31% and a net margin of 10.98%.

Insider Buying and Selling at CorVel

In other CorVel news, Director Alan Hoops sold 3,000 shares of CorVel stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $113.05, for a total transaction of $339,150.00. Following the transaction, the director directly owned 16,688 shares in the company, valued at approximately $1,886,578.40. The trade was a 15.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jennifer Yoss sold 1,050 shares of CorVel stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $111.39, for a total value of $116,959.50. Following the completion of the sale, the vice president directly owned 2,088 shares in the company, valued at approximately $232,582.32. This represents a 33.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,079 shares of company stock worth $1,446,023 over the last three months. 44.56% of the stock is currently owned by insiders.

CorVel Company 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.