CorVel Corp. (NASDAQ:CRVL) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in CorVel Corp. (NASDAQ:CRVL) by 519.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,416 shares of the business services provider’s stock after purchasing an additional 7,896 shares during the quarter. SG Americas Securities LLC’s holdings in CorVel were worth $1,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in CorVel by 58.6% in the 1st quarter. GAMMA Investing LLC now owns 685 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 253 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of CorVel by 44.7% during the 1st quarter. Farther Finance Advisors LLC now owns 816 shares of the business services provider’s stock worth $93,000 after buying an additional 252 shares during the last quarter. Impact Capital Partners LLC raised its position in shares of CorVel by 8.3% during the 1st quarter. Impact Capital Partners LLC now owns 7,568 shares of the business services provider’s stock valued at $847,000 after buying an additional 583 shares during the period. Chatham Capital Group Inc. raised its position in shares of CorVel by 4.4% during the 1st quarter. Chatham Capital Group Inc. now owns 57,955 shares of the business services provider’s stock valued at $6,489,000 after buying an additional 2,440 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in CorVel by 196.0% in the fourth quarter. California State Teachers Retirement System now owns 26,310 shares of the business services provider’s stock valued at $2,927,000 after acquiring an additional 17,421 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded CorVel from a “hold” rating to a “buy” rating in a research report on Friday, April 18th.

CorVel Trading Down 0.3%

NASDAQ CRVL opened at $102.67 on Wednesday. The stock has a market cap of $5.27 billion, a PE ratio of 55.90 and a beta of 1.02. CorVel Corp. has a twelve month low of $81.46 and a twelve month high of $128.61. The stock has a fifty day simple moving average of $111.44 and a 200-day simple moving average of $115.46.

CorVel (NASDAQ:CRVL) last issued its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $231.51 million for the quarter. CorVel had a net margin of 10.63% and a return on equity of 32.55%.

Insider Buying and Selling at CorVel

In other news, Director Alan Hoops sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $113.05, for a total transaction of $339,150.00. Following the completion of the transaction, the director now directly owns 16,688 shares in the company, valued at $1,886,578.40. This trade represents a 15.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey J. Michael sold 16,523 shares of CorVel stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $116.99, for a total value of $1,933,025.77. Following the completion of the sale, the director now directly owns 551,787 shares of the company’s stock, valued at $64,553,561.13. The trade was a 2.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,602 shares of company stock worth $3,379,049 over the last three months. Insiders own 47.57% of the company’s stock.

CorVel Company Profile

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.