Argent Capital Management LLC Takes $1.80 Million Position in CorVel Corp. $CRVL

Argent Capital Management LLC purchased a new position in CorVel Corp. (NASDAQ:CRVL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 26,601 shares of the business services provider’s stock, valued at approximately $1,800,000. Argent Capital Management LLC owned approximately 0.05% of CorVel at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CRVL. Federated Hermes Inc. grew its position in shares of CorVel by 147.4% in the 3rd quarter. Federated Hermes Inc. now owns 381 shares of the business services provider’s stock worth $29,000 after buying an additional 227 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in CorVel during the 3rd quarter worth approximately $31,000. Hantz Financial Services Inc. increased its stake in CorVel by 61.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 500 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 190 shares in the last quarter. Quarry LP increased its stake in CorVel by 218.6% during the 3rd quarter. Quarry LP now owns 513 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 352 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in shares of CorVel in the third quarter worth $47,000. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CorVel

In other CorVel news, insider Maxim Shishin sold 2,400 shares of CorVel stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $54.00, for a total transaction of $129,600.00. Following the completion of the transaction, the insider owned 7,050 shares in the company, valued at approximately $380,700. This trade represents a 25.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 44.56% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of CorVel in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

CorVel Price Performance

CRVL stock opened at $53.65 on Friday. The company has a market capitalization of $2.74 billion, a P/E ratio of 26.30 and a beta of 1.10. CorVel Corp. has a 12 month low of $44.83 and a 12 month high of $119.57. The firm’s fifty day simple moving average is $57.10 and its 200-day simple moving average is $68.59.

CorVel (NASDAQ:CRVL) last issued its earnings results on Tuesday, February 3rd. The business services provider reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $235.63 million during the quarter. CorVel had a net margin of 11.23% and a return on equity of 30.15%.

About CorVel

CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.

The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).