CorVel (CRVL) Lifted to “Buy” at BidaskClub

CorVel (NASDAQ:CRVL) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

CorVel (CRVL) traded up $1.40 during trading hours on Thursday, reaching $50.20. 35,687 shares of the company’s stock were exchanged, compared to its average volume of 40,000. The firm has a market capitalization of $947.78, a PE ratio of 27.58 and a beta of 0.68. CorVel has a 1-year low of $39.20 and a 1-year high of $61.20.

CorVel (NASDAQ:CRVL) last posted its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.50 EPS for the quarter. The business had revenue of $140.73 million during the quarter. CorVel had a net margin of 6.33% and a return on equity of 23.74%.

Large investors have recently bought and sold shares of the business. Citadel Advisors LLC grew its holdings in shares of CorVel by 30.0% during the third quarter. Citadel Advisors LLC now owns 13,738 shares of the business services provider’s stock valued at $748,000 after buying an additional 3,171 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of CorVel during the third quarter valued at about $317,000. Dimensional Fund Advisors LP grew its holdings in shares of CorVel by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 780,106 shares of the business services provider’s stock valued at $37,016,000 after buying an additional 9,196 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of CorVel by 31.3% during the second quarter. Parametric Portfolio Associates LLC now owns 19,180 shares of the business services provider’s stock valued at $910,000 after buying an additional 4,572 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of CorVel by 63.3% during the third quarter. BNP Paribas Arbitrage SA now owns 4,998 shares of the business services provider’s stock valued at $272,000 after buying an additional 1,937 shares during the last quarter. Institutional investors and hedge funds own 43.90% of the company’s stock.

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About CorVel

CorVel Corporation (Corvel) is a provider of workers’ compensation solutions for employers, third party administrators, insurance companies and government agencies. The Company offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers.

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