Insider Selling: CorVel Co. (NASDAQ:CRVL) Chairman Sells $118,500.00 in Stock

CorVel Co. (NASDAQ:CRVL) Chairman V Gordon Clemons sold 1,000 shares of CorVel stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $118.50, for a total value of $118,500.00. Following the completion of the transaction, the chairman now directly owns 901,000 shares of the company’s stock, valued at $106,768,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

V Gordon Clemons also recently made the following trade(s):

  • On Thursday, June 3rd, V Gordon Clemons sold 2,500 shares of CorVel stock. The shares were sold at an average price of $122.80, for a total value of $307,000.00.
  • On Thursday, May 6th, V Gordon Clemons sold 1,000 shares of CorVel stock. The shares were sold at an average price of $116.35, for a total value of $116,350.00.
  • On Tuesday, May 4th, V Gordon Clemons sold 3,000 shares of CorVel stock. The shares were sold at an average price of $117.92, for a total value of $353,760.00.
  • On Thursday, April 29th, V Gordon Clemons sold 3,000 shares of CorVel stock. The shares were sold at an average price of $116.12, for a total value of $348,360.00.
  • On Monday, April 26th, V Gordon Clemons sold 3,000 shares of CorVel stock. The shares were sold at an average price of $118.07, for a total value of $354,210.00.
  • On Wednesday, April 21st, V Gordon Clemons sold 1,000 shares of CorVel stock. The shares were sold at an average price of $116.72, for a total value of $116,720.00.
  • On Monday, April 19th, V Gordon Clemons sold 1,000 shares of CorVel stock. The shares were sold at an average price of $111.57, for a total value of $111,570.00.
  • On Tuesday, March 16th, V Gordon Clemons sold 100 shares of CorVel stock. The shares were sold at an average price of $109.97, for a total value of $10,997.00.
  • On Thursday, March 11th, V Gordon Clemons sold 1,000 shares of CorVel stock. The shares were sold at an average price of $105.57, for a total value of $105,570.00.

Shares of CRVL opened at $122.31 on Friday. The firm has a 50-day moving average of $116.22. The stock has a market cap of $2.19 billion, a PE ratio of 47.96 and a beta of 1.00. CorVel Co. has a 1 year low of $62.31 and a 1 year high of $126.90.

CorVel (NASDAQ:CRVL) last posted its earnings results on Thursday, May 27th. The business services provider reported $0.81 earnings per share for the quarter. The firm had revenue of $145.51 million during the quarter. CorVel had a return on equity of 22.32% and a net margin of 8.39%.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in CorVel by 5.5% during the first quarter. BlackRock Inc. now owns 1,594,680 shares of the business services provider’s stock worth $163,599,000 after purchasing an additional 82,686 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in CorVel by 12.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,538,072 shares of the business services provider’s stock worth $157,791,000 after purchasing an additional 164,978 shares during the last quarter. Norges Bank purchased a new stake in CorVel during the fourth quarter worth approximately $28,581,000. Geode Capital Management LLC lifted its stake in CorVel by 9.2% during the first quarter. Geode Capital Management LLC now owns 206,680 shares of the business services provider’s stock worth $21,203,000 after purchasing an additional 17,479 shares during the last quarter. Finally, FMR LLC lifted its stake in CorVel by 92.6% during the first quarter. FMR LLC now owns 53,900 shares of the business services provider’s stock worth $3,516,000 after purchasing an additional 25,918 shares during the last quarter. Hedge funds and other institutional investors own 48.73% of the company’s stock.

CorVel Company Profile

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. 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.

See Also: Why is the Consumer Price Index (CPI) important?

Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

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.