CorVel (NASDAQ:CRVL) posted its quarterly earnings data on Thursday. The business services provider reported $0.63 EPS for the quarter, Morningstar.com reports. CorVel had a net margin of 7.45% and a return on equity of 23.84%. The business had revenue of $151.08 million during the quarter.
Shares of NASDAQ:CRVL opened at $72.86 on Friday. The company has a market cap of $1.32 billion, a PE ratio of 30.76 and a beta of 0.72. CorVel has a twelve month low of $50.10 and a twelve month high of $75.10.
Separately, BidaskClub lowered shares of CorVel from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th.
Institutional investors have recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new position in shares of CorVel in the 4th quarter valued at $25,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of CorVel in the 1st quarter valued at $30,000. Financial Gravity Wealth Inc. acquired a new position in shares of CorVel in the 1st quarter valued at $48,000. SEI Investments Co acquired a new position in shares of CorVel in the 1st quarter valued at $59,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of CorVel by 818.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,103 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 1,874 shares during the period. 46.22% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This piece was originally reported by WKRB News and is owned by of WKRB News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.wkrb13.com/2019/05/31/corvel-crvl-posts-quarterly-earnings-results.html.
CorVel Company Profile
CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.
Featured Article: What is the Dividend Aristocrat Index?
Receive News & Ratings for CorVel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CorVel and related companies with MarketBeat.com's FREE daily email newsletter.