Exchange Traded Concepts LLC Has $55,000 Holdings in CorVel Co. (NASDAQ:CRVL)

Exchange Traded Concepts LLC lowered its holdings in shares of CorVel Co. (NASDAQ:CRVL) by 97.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168 shares of the business services provider’s stock after selling 6,498 shares during the period. Exchange Traded Concepts LLC’s holdings in CorVel were worth $55,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC grew its stake in shares of CorVel by 997.8% in the 1st quarter. Janus Henderson Group PLC now owns 46,975 shares of the business services provider’s stock worth $12,351,000 after acquiring an additional 42,696 shares in the last quarter. SG Americas Securities LLC bought a new stake in CorVel in the first quarter worth about $896,000. Sei Investments Co. grew its position in shares of CorVel by 65.8% during the 1st quarter. Sei Investments Co. now owns 21,003 shares of the business services provider’s stock valued at $5,523,000 after acquiring an additional 8,338 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of CorVel by 41.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,876 shares of the business services provider’s stock worth $29,464,000 after purchasing an additional 34,155 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in CorVel by 184,200.0% in the 2nd quarter. Quest Partners LLC now owns 1,843 shares of the business services provider’s stock worth $469,000 after acquiring an additional 1,842 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Mark E. Bertels sold 300 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $299.80, for a total transaction of $89,940.00. Following the completion of the transaction, the executive vice president now owns 858 shares of the company’s stock, valued at approximately $257,228.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $629,092.51. Following the transaction, the director now owns 43,277 shares in the company, valued at approximately $12,775,803.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark E. Bertels sold 300 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $299.80, for a total value of $89,940.00. Following the sale, the executive vice president now owns 858 shares of the company’s stock, valued at $257,228.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,893 shares of company stock worth $6,003,958. Corporate insiders own 47.57% of the company’s stock.

CorVel Trading Down 0.0 %

Shares of CorVel stock opened at $304.33 on Thursday. The company’s 50-day moving average price is $313.99 and its 200-day moving average price is $279.66. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 69.17 and a beta of 1.08. CorVel Co. has a 12-month low of $187.92 and a 12-month high of $329.23.

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

Analyst Upgrades and Downgrades

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

CorVel Company 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.