CorVel Co. (NASDAQ:CRVL) Major Shareholder Corstar Holdings Inc Sells 5,295 Shares

CorVel Co. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 5,295 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $72.08, for a total value of $381,663.60. Following the sale, the insider now directly owns 6,811,318 shares of the company’s stock, valued at $490,959,801.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Corstar Holdings Inc also recently made the following trade(s):

  • On Thursday, May 16th, Corstar Holdings Inc sold 11,480 shares of CorVel stock. The stock was sold at an average price of $74.34, for a total value of $853,423.20.
  • On Monday, May 20th, Corstar Holdings Inc sold 17,325 shares of CorVel stock. The stock was sold at an average price of $74.28, for a total value of $1,286,901.00.
  • On Thursday, May 9th, Corstar Holdings Inc sold 16,588 shares of CorVel stock. The stock was sold at an average price of $71.56, for a total value of $1,187,037.28.
  • On Monday, May 6th, Corstar Holdings Inc sold 20,112 shares of CorVel stock. The stock was sold at an average price of $72.06, for a total value of $1,449,270.72.
  • On Monday, April 29th, Corstar Holdings Inc sold 3,858 shares of CorVel stock. The stock was sold at an average price of $71.25, for a total value of $274,882.50.
  • On Wednesday, May 1st, Corstar Holdings Inc sold 16,840 shares of CorVel stock. The stock was sold at an average price of $71.42, for a total value of $1,202,712.80.
  • On Friday, April 26th, Corstar Holdings Inc sold 15,046 shares of CorVel stock. The stock was sold at an average price of $70.08, for a total value of $1,054,423.68.
  • On Tuesday, April 23rd, Corstar Holdings Inc sold 6,811 shares of CorVel stock. The stock was sold at an average price of $68.59, for a total value of $467,166.49.
  • On Monday, April 15th, Corstar Holdings Inc sold 3,831 shares of CorVel stock. The stock was sold at an average price of $68.22, for a total value of $261,350.82.
  • On Wednesday, April 17th, Corstar Holdings Inc sold 6,035 shares of CorVel stock. The shares were sold at an average price of $68.29, for a total value of $412,130.15.

NASDAQ CRVL traded up $0.23 during mid-day trading on Friday, hitting $73.98. The stock had a trading volume of 85,933 shares, compared to its average volume of 55,359. The company has a market capitalization of $1.38 billion, a P/E ratio of 30.76 and a beta of 0.72. CorVel Co. has a 52-week low of $50.10 and a 52-week high of $75.10.

CorVel (NASDAQ:CRVL) last announced its earnings results on Thursday, May 30th. The business services provider reported $0.63 EPS for the quarter. The firm had revenue of $151.08 million for the quarter. CorVel had a return on equity of 23.84% and a net margin of 7.45%.

Hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of CorVel during the fourth quarter worth $178,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of CorVel by 16.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,430 shares of the business services provider’s stock worth $273,000 after purchasing an additional 639 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in shares of CorVel by 15.2% during the third quarter. MetLife Investment Advisors LLC now owns 6,135 shares of the business services provider’s stock worth $370,000 after purchasing an additional 810 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of CorVel by 2.3% during the third quarter. Vanguard Group Inc now owns 994,950 shares of the business services provider’s stock worth $59,945,000 after purchasing an additional 22,448 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of CorVel by 2.3% during the third quarter. Vanguard Group Inc. now owns 994,950 shares of the business services provider’s stock worth $59,945,000 after purchasing an additional 22,448 shares during the last quarter. Institutional investors and hedge funds own 46.22% of the company’s stock.

Separately, BidaskClub raised CorVel from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th.

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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.

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

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