Farther Finance Advisors LLC Has $39,000 Stock Holdings in CorVel Corp. $CRVL

Farther Finance Advisors LLC lessened its stake in CorVel Corp. (NASDAQ:CRVL) by 53.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 378 shares of the business services provider’s stock after selling 438 shares during the quarter. Farther Finance Advisors LLC’s holdings in CorVel were worth $39,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CRVL. Assenagon Asset Management S.A. increased its stake in CorVel by 720.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 102,478 shares of the business services provider’s stock valued at $10,533,000 after buying an additional 89,994 shares during the period. Jones Financial Companies Lllp lifted its stake in CorVel by 23,616.8% in the first quarter. Jones Financial Companies Lllp now owns 78,977 shares of the business services provider’s stock valued at $8,843,000 after acquiring an additional 78,644 shares during the last quarter. Nuveen LLC acquired a new stake in CorVel in the first quarter valued at approximately $8,533,000. Jane Street Group LLC lifted its stake in CorVel by 194.7% in the first quarter. Jane Street Group LLC now owns 46,920 shares of the business services provider’s stock valued at $5,254,000 after acquiring an additional 31,000 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its stake in CorVel by 92.7% in the first quarter. Vestmark Advisory Solutions Inc. now owns 60,026 shares of the business services provider’s stock valued at $6,721,000 after acquiring an additional 28,883 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

CorVel Price Performance

Shares of CorVel stock opened at $74.11 on Wednesday. The firm has a market capitalization of $3.80 billion, a PE ratio of 38.20 and a beta of 0.95. The company’s fifty day moving average price is $84.85 and its two-hundred day moving average price is $99.46. CorVel Corp. has a 52-week low of $72.15 and a 52-week high of $128.61.

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

Analyst Ratings Changes

A number of analysts have issued reports on CRVL shares. Wall Street Zen cut shares of CorVel from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of CorVel in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Insider Buying and Selling

In other news, CFO Brandon O’brien sold 1,764 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $91.54, for a total transaction of $161,476.56. Following the sale, the chief financial officer owned 8,948 shares in the company, valued at approximately $819,099.92. This represents a 16.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Maxim Shishin sold 12,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $89.16, for a total transaction of $1,069,920.00. Following the sale, the insider directly owned 7,050 shares in the company, valued at approximately $628,578. This represents a 62.99% decrease in their position. The disclosure for this sale can be found here. Insiders own 44.56% of the company’s stock.

About CorVel

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.