CorVel Co. (NASDAQ:CRVL) Chairman V Gordon Clemons Sells 2,000 Shares

CorVel Co. (NASDAQ:CRVL) Chairman V Gordon Clemons sold 2,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $79.09, for a total value of $158,180.00. Following the transaction, the chairman now directly owns 1,757,146 shares of the company’s stock, valued at $138,972,677.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, October 18th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $78.91, for a total value of $157,820.00.
  • On Wednesday, October 16th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $78.11, for a total value of $156,220.00.
  • On Monday, October 14th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $77.01, for a total value of $154,020.00.
  • On Friday, October 11th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $78.09, for a total value of $156,180.00.
  • On Wednesday, October 9th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $77.11, for a total value of $154,220.00.
  • On Monday, October 7th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $77.74, for a total value of $155,480.00.
  • On Friday, October 4th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $77.99, for a total value of $155,980.00.
  • On Wednesday, October 2nd, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $75.55, for a total value of $151,100.00.
  • On Monday, September 30th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $75.54, for a total value of $151,080.00.
  • On Friday, September 27th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $75.13, for a total value of $150,260.00.

CRVL opened at $77.20 on Wednesday. CorVel Co. has a 12-month low of $52.58 and a 12-month high of $93.96. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 30.80 and a beta of 0.66. The business has a 50 day moving average of $79.62 and a 200-day moving average of $79.71. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.43.

CorVel (NASDAQ:CRVL) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.71 earnings per share (EPS) for the quarter. CorVel had a return on equity of 24.76% and a net margin of 8.12%. The company had revenue of $150.14 million during the quarter.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stanley Laman Group Ltd. lifted its position in shares of CorVel by 1.4% in the second quarter. Stanley Laman Group Ltd. now owns 10,508 shares of the business services provider’s stock valued at $914,000 after buying an additional 144 shares during the last quarter. Strs Ohio lifted its position in shares of CorVel by 2.3% in the third quarter. Strs Ohio now owns 8,900 shares of the business services provider’s stock valued at $673,000 after buying an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CorVel by 50.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 682 shares of the business services provider’s stock valued at $59,000 after buying an additional 229 shares during the last quarter. Swiss National Bank lifted its position in shares of CorVel by 1.6% in the second quarter. Swiss National Bank now owns 19,100 shares of the business services provider’s stock valued at $1,662,000 after buying an additional 300 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of CorVel by 13.8% in the second quarter. JPMorgan Chase & Co. now owns 2,477 shares of the business services provider’s stock valued at $209,000 after buying an additional 300 shares during the last quarter. 47.68% of the stock is owned by institutional investors.

Several research analysts recently commented on the company. BidaskClub cut CorVel from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 26th. ValuEngine cut CorVel from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd.

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.

Further Reading: Is it better to buy a fund with a higher or lower NAV?

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.