Dimensional Fund Advisors LP Has $141.48 Million Stock Holdings in CorVel Co. (NASDAQ:CRVL)

Dimensional Fund Advisors LP lessened its position in CorVel Co. (NASDAQ:CRVL) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 556,410 shares of the business services provider’s stock after selling 16,728 shares during the period. Dimensional Fund Advisors LP owned about 3.24% of CorVel worth $141,476,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in shares of CorVel by 41.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,876 shares of the business services provider’s stock valued at $29,464,000 after purchasing an additional 34,155 shares in the last quarter. Norges Bank acquired a new stake in shares of CorVel in the 4th quarter valued at $19,974,000. Bank of New York Mellon Corp boosted its stake in shares of CorVel by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 73,617 shares of the business services provider’s stock valued at $18,719,000 after purchasing an additional 1,479 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CorVel by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 73,569 shares of the business services provider’s stock valued at $18,187,000 after purchasing an additional 2,252 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of CorVel by 997.8% in the 1st quarter. Janus Henderson Group PLC now owns 46,975 shares of the business services provider’s stock valued at $12,351,000 after purchasing an additional 42,696 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

CorVel Stock Up 0.3 %

CorVel stock opened at $317.30 on Friday. The stock has a 50-day simple moving average of $305.42 and a 200 day simple moving average of $268.78. CorVel Co. has a 12-month low of $187.92 and a 12-month high of $325.00. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 72.11 and a beta of 1.08.

CorVel (NASDAQ:CRVL) last released its quarterly earnings results 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 business had revenue of $211.72 million during the quarter.

Analyst Ratings Changes

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

Insider Activity at CorVel

In related news, Director R Judd Jessup sold 2,500 shares of CorVel stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $311.60, for a total value of $779,000.00. Following the completion of the transaction, the director now directly owns 40,777 shares of the company’s stock, valued at $12,706,113.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other CorVel news, CEO Michael G. Combs sold 2,473 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $300.99, for a total transaction of $744,348.27. Following the completion of the sale, the chief executive officer now directly owns 16,823 shares of the company’s stock, valued at approximately $5,063,554.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R Judd Jessup sold 2,500 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $311.60, for a total value of $779,000.00. Following the sale, the director now directly owns 40,777 shares of the company’s stock, valued at $12,706,113.20. The disclosure for this sale can be found here. Insiders sold 72,431 shares of company stock valued at $19,961,847 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.