Corvel Corp. major shareholder Sells $372,537 in Stock (CRVL)
Corvel Corp. (NASDAQ:CRVL) major shareholder Corstar Holdings Inc sold 7,967 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $46.76, for a total value of $372,536.92. Following the sale, the insider now directly owns 7,432,621 shares of the company’s stock, valued at approximately $347,549,358. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Corvel Corp. (NASDAQ:CRVL) traded down 1.87% on Tuesday, hitting $45.56. 7,356 shares of the company’s stock traded hands. Corvel Corp. has a 52 week low of $22.58 and a 52 week high of $51.50. The stock’s 50-day moving average is $47.00 and its 200-day moving average is $41.72. The company has a market cap of $953.3 million and a price-to-earnings ratio of 29.55.
Corvel Corp. (NASDAQ:CRVL) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.41 earnings per share for the quarter. The company had revenue of $121.00 million for the quarter, compared to the consensus estimate of $107.00 million.
CorVel Corporation (NASDAQ:CRVL) is a provider of risk management solutions to employers, third party administrators, insurance companies and government agencies.
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