Linden Thomas Advisory Services LLC Increases Stock Holdings in CorVel Co. (NASDAQ:CRVL)

Linden Thomas Advisory Services LLC boosted its stake in shares of CorVel Co. (NASDAQ:CRVL) by 26.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,880 shares of the business services provider’s stock after acquiring an additional 395 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in CorVel were worth $465,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in CorVel by 77.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,876 shares of the business services provider’s stock worth $2,689,000 after buying an additional 4,764 shares during the period. Stifel Financial Corp lifted its position in shares of CorVel by 36.3% during the third quarter. Stifel Financial Corp now owns 23,982 shares of the business services provider’s stock worth $4,716,000 after purchasing an additional 6,385 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of CorVel by 17.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,426 shares of the business services provider’s stock worth $280,000 after purchasing an additional 208 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of CorVel by 9.2% during the third quarter. Victory Capital Management Inc. now owns 52,452 shares of the business services provider’s stock worth $10,315,000 after purchasing an additional 4,428 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of CorVel by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 71,317 shares of the business services provider’s stock worth $14,024,000 after purchasing an additional 2,230 shares in the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

CorVel Stock Down 0.6 %

Shares of NASDAQ:CRVL opened at $238.12 on Friday. The firm’s 50 day moving average price is $244.52 and its 200 day moving average price is $230.07. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 55.12 and a beta of 1.07. CorVel Co. has a fifty-two week low of $187.92 and a fifty-two week high of $265.14.

CorVel (NASDAQ:CRVL) last issued its earnings results on Tuesday, January 30th. The business services provider reported $0.99 earnings per share for the quarter. The firm had revenue of $202.30 million for the quarter. CorVel had a net margin of 9.69% and a return on equity of 34.66%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of CorVel from a “hold” rating to a “buy” rating in a research report on Thursday.

Insiders Place Their Bets

In other CorVel news, Director Jean Macino sold 3,130 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $253.42, for a total transaction of $793,204.60. Following the sale, the director now owns 14,160 shares of the company’s stock, valued at $3,588,427.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Jennifer Yoss sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $239.41, for a total transaction of $359,115.00. Following the transaction, the vice president now directly owns 512 shares in the company, valued at $122,577.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jean Macino sold 3,130 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $253.42, for a total transaction of $793,204.60. Following the transaction, the director now owns 14,160 shares in the company, valued at $3,588,427.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,043 shares of company stock valued at $3,960,007. 48.71% of the stock is owned by corporate insiders.

About CorVel

CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. 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.