Several other equities analysts also recently commented on the company. ValuEngine raised CorVel from a sell rating to a hold rating in a research report on Tuesday, March 24th. TheStreet raised CorVel from a c+ rating to a b rating in a research report on Thursday, June 25th.
Shares of CorVel stock opened at $72.55 on Tuesday. The stock’s fifty day moving average is $63.50 and its two-hundred day moving average is $70.50. The company has a market capitalization of $1.27 billion, a PE ratio of 28.56 and a beta of 0.91. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.45. CorVel has a 52 week low of $44.67 and a 52 week high of $96.45.
CorVel (NASDAQ:CRVL) last announced its quarterly earnings data on Wednesday, May 27th. The business services provider reported $0.64 EPS for the quarter. The company had revenue of $147.02 million for the quarter. CorVel had a return on equity of 24.06% and a net margin of 8.00%.
In other news, Chairman V Gordon Clemons sold 1,500 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $71.86, for a total transaction of $107,790.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 14,000 shares of company stock worth $959,795 in the last three months. Corporate insiders own 50.38% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CRVL. Advisor Group Holdings Inc. bought a new position in shares of CorVel during the 1st quarter worth $76,000. Ensign Peak Advisors Inc bought a new position in shares of CorVel during the 1st quarter worth $109,000. Denali Advisors LLC bought a new position in shares of CorVel during the 1st quarter worth $147,000. CWM Advisors LLC bought a new position in shares of CorVel during the 1st quarter worth $182,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in CorVel during the fourth quarter valued at about $202,000. 45.27% of the stock is currently owned by institutional investors and hedge funds.
CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.
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