Captrust Financial Advisors Takes $217,000 Position in CorVel Co. (NASDAQ:CRVL)

Captrust Financial Advisors acquired a new stake in CorVel Co. (NASDAQ:CRVL) in the 3rd quarter, HoldingsChannel reports. The fund acquired 664 shares of the business services provider’s stock, valued at approximately $217,000.

Several other large investors also recently made changes to their positions in CRVL. SkyView Investment Advisors LLC lifted its holdings in CorVel by 0.8% during the 2nd quarter. SkyView Investment Advisors LLC now owns 4,284 shares of the business services provider’s stock valued at $1,089,000 after purchasing an additional 34 shares during the last quarter. Arizona State Retirement System lifted its holdings in CorVel by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 2,632 shares of the business services provider’s stock valued at $669,000 after purchasing an additional 46 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in CorVel by 2.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,143 shares of the business services provider’s stock valued at $545,000 after purchasing an additional 46 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in CorVel by 5.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 896 shares of the business services provider’s stock valued at $293,000 after purchasing an additional 46 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in CorVel by 61.9% during the 3rd quarter. GAMMA Investing LLC now owns 157 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

CorVel Price Performance

CRVL stock opened at $352.00 on Monday. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 74.73 and a beta of 1.14. The business’s fifty day moving average price is $336.33 and its two-hundred day moving average price is $304.35. CorVel Co. has a fifty-two week low of $223.89 and a fifty-two week high of $381.73.

Insiders Place Their Bets

In related news, EVP Mark E. Bertels sold 350 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $357.35, for a total value of $125,072.50. Following the transaction, the executive vice president now owns 860 shares in the company, valued at approximately $307,321. This trade represents a 28.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About CorVel

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.