Kesler Norman & Wride LLC Acquires Shares of 1,746 CorVel Co. (NASDAQ:CRVL)

Kesler Norman & Wride LLC acquired a new stake in CorVel Co. (NASDAQ:CRVL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,746 shares of the business services provider’s stock, valued at approximately $571,000.

Several other large investors also recently bought and sold shares of CRVL. 1832 Asset Management L.P. grew its position in CorVel by 112.9% in the fourth quarter. 1832 Asset Management L.P. now owns 1,703 shares of the business services provider’s stock valued at $421,000 after acquiring an additional 903 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of CorVel during the 4th quarter valued at approximately $887,000. West Coast Financial LLC boosted its stake in shares of CorVel by 1.3% during the 1st quarter. West Coast Financial LLC now owns 29,571 shares of the business services provider’s stock valued at $7,776,000 after buying an additional 373 shares during the last quarter. Chatham Capital Group Inc. boosted its stake in shares of CorVel by 13.3% during the 1st quarter. Chatham Capital Group Inc. now owns 19,780 shares of the business services provider’s stock valued at $5,201,000 after buying an additional 2,320 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of CorVel by 474.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the business services provider’s stock valued at $47,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut CorVel from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st.

CorVel Price Performance

Shares of CRVL opened at $312.79 on Wednesday. The business’s fifty day moving average price is $311.40 and its 200 day moving average price is $274.88. CorVel Co. has a 12-month low of $187.92 and a 12-month high of $329.23. The stock has a market capitalization of $5.37 billion, a PE ratio of 71.09 and a beta of 1.08.

CorVel (NASDAQ:CRVL) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.25 earnings per share (EPS) for the quarter. CorVel had a return on equity of 32.25% and a net margin of 9.55%. The firm had revenue of $211.72 million for the quarter.

Insider Buying and Selling

In related news, CEO Michael G. Combs sold 2,473 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $300.99, for a total transaction of $744,348.27. Following the transaction, the chief executive officer now directly owns 16,823 shares in the company, valued at $5,063,554.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CorVel news, CEO Michael G. Combs sold 2,473 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $300.99, for a total value of $744,348.27. Following the sale, the chief executive officer now directly owns 16,823 shares in the company, valued at approximately $5,063,554.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Corstar Holdings Inc sold 23,429 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $264.90, for a total value of $6,206,342.10. Following the completion of the sale, the insider now owns 6,309,958 shares in the company, valued at $1,671,507,874.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,782 shares of company stock worth $17,178,624 over the last ninety days. 47.57% of the stock is owned by insiders.

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.