Ergoteles LLC acquired a new stake in shares of CorVel Co. (NASDAQ:CRVL – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,400 shares of the business services provider’s stock, valued at approximately $332,000.
A number of other hedge funds have also recently modified their holdings of CRVL. Eagle Bay Advisors LLC bought a new position in CorVel in the 2nd quarter worth $34,000. Paragon Wealth Strategies LLC bought a new position in CorVel in the 3rd quarter worth $39,000. Point72 Hong Kong Ltd boosted its holdings in CorVel by 327.6% in the 2nd quarter. Point72 Hong Kong Ltd now owns 325 shares of the business services provider’s stock worth $48,000 after buying an additional 249 shares during the period. CWM LLC boosted its holdings in CorVel by 88.5% in the 3rd quarter. CWM LLC now owns 675 shares of the business services provider’s stock worth $93,000 after buying an additional 317 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in CorVel by 150.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 695 shares of the business services provider’s stock worth $96,000 after buying an additional 418 shares during the period. Institutional investors own 50.75% of the company’s stock.
CorVel Stock Performance
Shares of CorVel stock opened at $184.00 on Friday. The company has a market capitalization of $3.16 billion, a P/E ratio of 48.17 and a beta of 1.06. The company has a fifty day moving average of $167.92 and a 200 day moving average of $157.11. CorVel Co. has a fifty-two week low of $129.19 and a fifty-two week high of $192.13.
Insiders Place Their Bets
In other news, CFO Brandon O’brien sold 1,668 shares of the company’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $185.16, for a total transaction of $308,846.88. Following the sale, the chief financial officer now directly owns 3,182 shares in the company, valued at approximately $589,179.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman V Gordon Clemons sold 1,066 shares of the company’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $150.06, for a total transaction of $159,963.96. Following the sale, the chairman now directly owns 430,534 shares in the company, valued at approximately $64,605,932.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brandon O’brien sold 1,668 shares of the company’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $185.16, for a total transaction of $308,846.88. Following the sale, the chief financial officer now owns 3,182 shares in the company, valued at $589,179.12. The disclosure for this sale can be found here. Insiders have sold a total of 58,033 shares of company stock worth $10,645,541 in the last 90 days. 48.56% of the stock is currently owned by corporate insiders.
About CorVel
Further Reading
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