Corstar Holdings Inc Sells 1,563 Shares of CorVel Co. (NASDAQ:CRVL) Stock

CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 1,563 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $85.08, for a total value of $132,980.04. Following the sale, the insider now owns 6,696,993 shares in the company, valued at $569,780,164.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Corstar Holdings Inc also recently made the following trade(s):

  • On Friday, September 4th, Corstar Holdings Inc sold 117 shares of CorVel stock. The shares were sold at an average price of $85.00, for a total value of $9,945.00.
  • On Monday, August 31st, Corstar Holdings Inc sold 1,816 shares of CorVel stock. The shares were sold at an average price of $82.71, for a total value of $150,201.36.
  • On Thursday, August 27th, Corstar Holdings Inc sold 6,883 shares of CorVel stock. The shares were sold at an average price of $82.95, for a total value of $570,944.85.
  • On Tuesday, August 25th, Corstar Holdings Inc sold 3,040 shares of CorVel stock. The shares were sold at an average price of $82.33, for a total value of $250,283.20.
  • On Wednesday, August 19th, Corstar Holdings Inc sold 469 shares of CorVel stock. The shares were sold at an average price of $82.07, for a total value of $38,490.83.
  • On Monday, August 17th, Corstar Holdings Inc sold 3,223 shares of CorVel stock. The shares were sold at an average price of $82.39, for a total value of $265,542.97.
  • On Friday, August 14th, Corstar Holdings Inc sold 2,976 shares of CorVel stock. The shares were sold at an average price of $82.24, for a total value of $244,746.24.
  • On Wednesday, August 12th, Corstar Holdings Inc sold 6,895 shares of CorVel stock. The shares were sold at an average price of $82.26, for a total value of $567,182.70.

CRVL stock opened at $84.32 on Monday. The company’s 50 day moving average is $80.12 and its 200 day moving average is $67.11. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 36.82 and a beta of 0.89. CorVel Co. has a 1-year low of $44.67 and a 1-year high of $96.45.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $0.46 earnings per share for the quarter. The company had revenue of $129.60 million for the quarter. CorVel had a net margin of 7.39% and a return on equity of 21.62%.

Several hedge funds have recently bought and sold shares of CRVL. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of CorVel in the second quarter worth approximately $29,033,000. Pembroke Management LTD bought a new position in CorVel during the second quarter valued at approximately $5,132,000. Wells Fargo & Company MN grew its position in CorVel by 388.9% during the first quarter. Wells Fargo & Company MN now owns 88,318 shares of the business services provider’s stock valued at $4,814,000 after acquiring an additional 70,254 shares during the last quarter. WINTON GROUP Ltd grew its position in CorVel by 545.9% during the second quarter. WINTON GROUP Ltd now owns 60,829 shares of the business services provider’s stock valued at $4,312,000 after acquiring an additional 51,411 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in CorVel by 117.4% during the second quarter. Russell Investments Group Ltd. now owns 84,692 shares of the business services provider’s stock valued at $6,004,000 after acquiring an additional 45,742 shares during the last quarter. Institutional investors own 46.69% of the company’s stock.

Several equities research analysts have recently weighed in on CRVL shares. BidaskClub upgraded CorVel from a “hold” rating to a “buy” rating in a research report on Wednesday, August 12th. TheStreet upgraded shares of CorVel from a “c+” rating to a “b” rating in a research report on Thursday, June 25th.

CorVel Company Profile

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.

See Also: Secondary Public Offerings

Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

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