CorVel Co. (NASDAQ:CRVL) Stake Boosted by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of CorVel Co. (NASDAQ:CRVL) by 61.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157 shares of the business services provider’s stock after buying an additional 60 shares during the quarter. GAMMA Investing LLC’s holdings in CorVel were worth $51,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its position in shares of CorVel by 474.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 147 shares in the last quarter. Aristides Capital LLC acquired a new stake in CorVel during the 2nd quarter valued at $210,000. Dark Forest Capital Management LP purchased a new stake in shares of CorVel in the second quarter valued at $233,000. O Shaughnessy Asset Management LLC boosted its position in shares of CorVel by 20.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,043 shares of the business services provider’s stock worth $274,000 after buying an additional 177 shares during the period. Finally, Farther Finance Advisors LLC purchased a new position in shares of CorVel during the second quarter valued at $318,000. 51.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CorVel

In other news, Director R Judd Jessup sold 2,131 shares of CorVel stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $295.21, for a total transaction of $629,092.51. Following the completion of the sale, the director now directly owns 43,277 shares in the company, valued at $12,775,803.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Brandon O’brien sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $314.98, for a total transaction of $314,980.00. Following the transaction, the chief financial officer now owns 6,502 shares in the company, valued at approximately $2,047,999.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director R Judd Jessup sold 2,131 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $295.21, for a total transaction of $629,092.51. Following the completion of the sale, the director now owns 43,277 shares of the company’s stock, valued at $12,775,803.17. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,893 shares of company stock worth $6,003,958 over the last 90 days. 47.57% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

CorVel Stock Performance

CRVL stock opened at $324.24 on Thursday. The stock has a market cap of $5.57 billion, a P/E ratio of 73.69 and a beta of 1.08. The firm has a 50 day simple moving average of $313.37 and a 200 day simple moving average of $277.51. CorVel Co. has a 52 week low of $187.92 and a 52 week high of $329.23.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.25 EPS for the quarter. CorVel had a net margin of 9.55% and a return on equity of 32.25%. The business had revenue of $211.72 million for the quarter.

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.