CorVel Co. (NASDAQ:CRVL) EVP Mark E. Bertels Sells 250 Shares

CorVel Co. (NASDAQ:CRVL) EVP Mark E. Bertels Sells 250 Shares

CorVel Co. (NASDAQ:CRVL – Get Free Report) EVP Mark E. Bertels sold 250 shares of CorVel stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $215.00, for a total value of $53,750.00. Following the completion of the sale, the executive vice president now directly owns 853 shares in the company, valued at approximately $183,395. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

CorVel Trading Up 0.9 %

Shares of NASDAQ CRVL traded up $1.89 during mid-day trading on Monday, hitting $215.42. The company had a trading volume of 54,443 shares, compared to its average volume of 54,822. The company has a market capitalization of $3.70 billion, a PE ratio of 54.26 and a beta of 1.04. The firm has a 50-day simple moving average of $200.21 and a two-hundred day simple moving average of $193.75. CorVel Co. has a one year low of $135.81 and a one year high of $221.82.

CorVel (NASDAQ:CRVL – Get Free Report) last posted its quarterly earnings results on Thursday, May 25th. The business services provider reported $1.04 EPS for the quarter. CorVel had a return on equity of 34.66% and a net margin of 9.49%. The business had revenue of $185.44 million during the quarter.

Hedge Funds Weigh In On CorVel

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gyon Technologies Capital Management LP bought a new position in CorVel during the fourth quarter worth about $266,000. M&T Bank Corp bought a new stake in shares of CorVel during the fourth quarter worth approximately $114,000. Ellsworth Advisors LLC bought a new stake in shares of CorVel during the first quarter worth approximately $366,000. Raymond James & Associates boosted its holdings in shares of CorVel by 10.3% during the first quarter. Raymond James & Associates now owns 42,977 shares of the business services provider’s stock worth $8,178,000 after acquiring an additional 4,014 shares during the period. Finally, Granahan Investment Management LLC raised its position in shares of CorVel by 11.9% in the fourth quarter. Granahan Investment Management LLC now owns 42,470 shares of the business services provider’s stock valued at $6,172,000 after buying an additional 4,511 shares in the last quarter. Institutional investors own 51.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, upgraded CorVel from a “hold” rating to a “buy” rating in a report on Saturday.

CorVel Company Profile

CorVel Corp. engages in the provision of services to employers and payors in the risk management and insurance services arenas, including workers’ compensation, general liability, auto liability, and hospital bill auditing and payment integrity. It operates through the Patient Management Services and Network Solutions Services segments.

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