CorVel Co. (CRVL) Chairman V Gordon Clemons Sells 2,450 Shares

CorVel Co. (NASDAQ:CRVL) Chairman V Gordon Clemons sold 2,450 shares of the company’s stock in a transaction on Friday, June 29th. The shares were sold at an average price of $54.25, for a total value of $132,912.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, June 26th, V Gordon Clemons sold 3,713 shares of CorVel stock. The shares were sold at an average price of $54.53, for a total value of $202,469.89.
  • On Thursday, June 21st, V Gordon Clemons sold 2,250 shares of CorVel stock. The shares were sold at an average price of $52.85, for a total value of $118,912.50.
  • On Friday, June 15th, V Gordon Clemons sold 750 shares of CorVel stock. The shares were sold at an average price of $51.05, for a total value of $38,287.50.
  • On Monday, June 18th, V Gordon Clemons sold 2,250 shares of CorVel stock. The shares were sold at an average price of $51.01, for a total value of $114,772.50.
  • On Monday, June 11th, V Gordon Clemons sold 5,000 shares of CorVel stock. The shares were sold at an average price of $50.51, for a total value of $252,550.00.
  • On Wednesday, June 13th, V Gordon Clemons sold 6,500 shares of CorVel stock. The shares were sold at an average price of $50.52, for a total value of $328,380.00.
  • On Wednesday, June 6th, V Gordon Clemons sold 5,000 shares of CorVel stock. The shares were sold at an average price of $51.59, for a total value of $257,950.00.

CorVel stock opened at $54.00 on Friday. The firm has a market capitalization of $1.02 billion, a P/E ratio of 28.88 and a beta of 0.68. CorVel Co. has a 52 week low of $45.01 and a 52 week high of $61.20.

CorVel (NASDAQ:CRVL) last announced its quarterly earnings results on Thursday, May 31st. The business services provider reported $0.47 EPS for the quarter. The company had revenue of $143.57 million during the quarter. CorVel had a return on equity of 23.11% and a net margin of 6.39%.

Separately, BidaskClub upgraded CorVel from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd.

Large investors have recently made changes to their positions in the business. Matarin Capital Management LLC acquired a new stake in CorVel during the first quarter worth about $2,976,000. Goldman Sachs Group Inc. increased its stake in CorVel by 6.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 56,346 shares of the business services provider’s stock worth $2,981,000 after acquiring an additional 3,438 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in CorVel during the fourth quarter worth about $282,000. BlackRock Inc. increased its stake in CorVel by 1.8% during the fourth quarter. BlackRock Inc. now owns 1,301,105 shares of the business services provider’s stock worth $68,830,000 after acquiring an additional 22,471 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in CorVel by 8.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 39,087 shares of the business services provider’s stock worth $2,068,000 after acquiring an additional 3,160 shares during the last quarter. Institutional investors own 43.83% of the company’s stock.

CorVel Company Profile

CorVel Corporation provides medical cost containment and managed care services to address the medical costs of workers' compensation benefits, automobile insurance claims, and group health insurance benefits. The company offers network solutions, including automated medical fee auditing, preferred provider management and reimbursement services, retrospective utilization review, facility claim review, professional review, pharmacy services, directed care services, medicare solutions, clearinghouse services, independent medical examinations, and inpatient medical bill review.

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

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