Whittier Trust Co. of Nevada Inc. Acquires Shares of 313 CorVel Co. (NASDAQ:CRVL)

Whittier Trust Co. of Nevada Inc. bought a new position in shares of CorVel Co. (NASDAQ:CRVL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 313 shares of the business services provider’s stock, valued at approximately $102,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRVL. GAMMA Investing LLC lifted its holdings 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 last quarter. Blue Trust Inc. raised its position in shares of CorVel by 435.3% in the third quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 74 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of CorVel by 474.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the business services provider’s stock worth $47,000 after buying an additional 147 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of CorVel during the 3rd quarter worth about $208,000. Finally, Aristides Capital LLC acquired a new position in CorVel in the 2nd quarter valued at about $210,000. 51.36% of the stock is currently owned by institutional investors.

CorVel Price Performance

CRVL opened at $304.33 on Thursday. The business has a fifty day simple moving average of $313.99 and a 200 day simple moving average of $279.66. CorVel Co. has a 1 year low of $187.92 and a 1 year high of $329.23. The company has a market capitalization of $5.22 billion, a PE ratio of 69.17 and a beta of 1.08.

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

Insiders Place Their Bets

In other news, Director R Judd Jessup sold 2,131 shares of CorVel stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $295.21, for a total value of $629,092.51. Following the completion of the sale, the director now directly 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 link. In other CorVel news, Director R Judd Jessup sold 2,131 shares of the firm’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 transaction, the director now owns 43,277 shares in the company, valued at $12,775,803.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael G. Combs sold 2,473 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $300.99, for a total value of $744,348.27. Following the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 19,893 shares of company stock worth $6,003,958 in the last quarter. Corporate insiders own 47.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut CorVel from a “buy” rating to a “hold” rating in a 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.