Axa S.A. boosted its stake in shares of CorVel Co. (NASDAQ:CRVL – Get Rating) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,750 shares of the business services provider’s stock after purchasing an additional 300 shares during the period. Axa S.A. owned about 0.11% of CorVel worth $2,734,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new position in CorVel during the second quarter valued at $34,000. Paragon Wealth Strategies LLC purchased a new position in CorVel during the third quarter valued at $39,000. Point72 Hong Kong Ltd lifted its position in CorVel by 327.6% during the second quarter. Point72 Hong Kong Ltd now owns 325 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 249 shares in the last quarter. CWM LLC lifted its position in CorVel by 88.5% during the third quarter. CWM LLC now owns 675 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 317 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in CorVel by 150.9% during the third quarter. Tower Research Capital LLC TRC now owns 695 shares of the business services provider’s stock valued at $96,000 after purchasing an additional 418 shares in the last quarter. 50.75% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, CEO Michael G. Combs sold 1,850 shares of the business’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $184.27, for a total value of $340,899.50. Following the transaction, the chief executive officer now directly owns 15,877 shares in the company, valued at $2,925,654.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Michael G. Combs sold 1,850 shares of CorVel stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $184.27, for a total value of $340,899.50. Following the sale, the chief executive officer now directly owns 15,877 shares of the company’s stock, valued at $2,925,654.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman V Gordon Clemons sold 4,000 shares of CorVel stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $152.00, for a total value of $608,000.00. Following the completion of the sale, the chairman now directly owns 434,600 shares in the company, valued at $66,059,200. The disclosure for this sale can be found here. Insiders have sold 45,774 shares of company stock worth $8,239,122 over the last ninety days. Corporate insiders own 48.56% of the company’s stock.
CorVel Stock Performance
CorVel (NASDAQ:CRVL – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The business services provider reported $0.96 EPS for the quarter. CorVel had a return on equity of 33.47% and a net margin of 9.63%. The business had revenue of $179.39 million for the quarter.
About CorVel
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