Exchange Traded Concepts LLC Sells 6,498 Shares of CorVel Co. (NASDAQ:CRVL)

Exchange Traded Concepts LLC reduced its position in shares of CorVel Co. (NASDAQ:CRVL) by 97.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 168 shares of the business services provider’s stock after selling 6,498 shares during the quarter. Exchange Traded Concepts LLC’s holdings in CorVel were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Chatham Capital Group Inc. increased its stake in CorVel by 13.3% during the 1st quarter. Chatham Capital Group Inc. now owns 19,780 shares of the business services provider’s stock worth $5,201,000 after purchasing an additional 2,320 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of CorVel by 474.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 178 shares of the business services provider’s stock worth $47,000 after acquiring an additional 147 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of CorVel by 2.7% during the first quarter. BNP Paribas Financial Markets now owns 8,308 shares of the business services provider’s stock worth $2,185,000 after acquiring an additional 221 shares during the period. Texas Permanent School Fund Corp raised its holdings in shares of CorVel by 1.2% during the first quarter. Texas Permanent School Fund Corp now owns 7,929 shares of the business services provider’s stock worth $2,085,000 after acquiring an additional 97 shares during the period. Finally, SG Americas Securities LLC bought a new stake in CorVel in the 1st quarter valued at $896,000. Institutional investors own 51.36% of the company’s stock.

Insiders Place Their Bets

In other news, VP Jennifer Yoss sold 1,214 shares of CorVel stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $300.88, for a total transaction of $365,268.32. Following the completion of the sale, the vice president now owns 680 shares of the company’s stock, valued at approximately $204,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Maxim Shishin sold 8,075 shares of CorVel stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $299.85, for a total transaction of $2,421,288.75. Following the sale, the insider now directly owns 1,600 shares of the company’s stock, valued at approximately $479,760. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jennifer Yoss sold 1,214 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $300.88, for a total transaction of $365,268.32. Following the completion of the sale, the vice president now owns 680 shares in the company, valued at $204,598.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,893 shares of company stock valued at $6,003,958 over the last 90 days. 47.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

CorVel Stock Performance

Shares of CorVel stock opened at $304.33 on Thursday. The firm has a market cap of $5.22 billion, a PE ratio of 69.17 and a beta of 1.08. The business’s 50 day simple moving average is $313.99 and its 200 day simple moving average is $279.66. CorVel Co. has a 52-week low of $187.92 and a 52-week high of $329.23.

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

CorVel 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.