State of Alaska Department of Revenue Has $1.70 Million Stock Position in CorVel Co. (NASDAQ:CRVL)

State of Alaska Department of Revenue lessened its position in shares of CorVel Co. (NASDAQ:CRVL) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,190 shares of the business services provider’s stock after selling 131 shares during the quarter. State of Alaska Department of Revenue’s holdings in CorVel were worth $1,696,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CRVL. GAMMA Investing LLC lifted its position in CorVel by 98.0% during the 2nd quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 48 shares during the period. Blue Trust Inc. raised its stake in shares of CorVel by 435.3% during the third quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock worth $30,000 after buying an additional 74 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in CorVel in the third quarter valued at approximately $102,000. Benjamin F. Edwards & Company Inc. boosted its stake in CorVel by 130.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 411 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 233 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in CorVel during the 3rd quarter worth $208,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

Insider Buying and Selling

In other CorVel news, insider Maxim Shishin sold 8,075 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $299.85, for a total value of $2,421,288.75. Following the completion of the sale, the insider now owns 1,600 shares of the company’s stock, valued at approximately $479,760. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CorVel news, CEO Michael G. Combs sold 2,473 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $300.99, for a total value of $744,348.27. Following the completion of the transaction, the chief executive officer now directly owns 16,823 shares of the company’s stock, valued at approximately $5,063,554.77. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maxim Shishin sold 8,075 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $299.85, for a total value of $2,421,288.75. Following the sale, the insider now directly owns 1,600 shares in the company, valued at approximately $479,760. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,479 shares of company stock valued at $4,978,650 in the last 90 days. 47.57% of the stock is owned by insiders.

CorVel Trading Up 1.5 %

Shares of CRVL opened at $302.14 on Friday. The stock has a market cap of $5.18 billion, a P/E ratio of 66.99 and a beta of 1.10. CorVel Co. has a 1 year low of $194.85 and a 1 year high of $329.23. The stock’s 50-day moving average price is $312.48 and its two-hundred day moving average price is $282.87.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st.

CorVel 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.