CorVel Co. (NASDAQ:CRVL) Chairman V Gordon Clemons sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $65.07, for a total value of $130,140.00. Following the sale, the chairman now directly owns 1,886,690 shares in the company, valued at approximately $122,766,918.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

V Gordon Clemons also recently made the following trade(s):

  • On Monday, November 19th, V Gordon Clemons sold 4,700 shares of CorVel stock. The stock was sold at an average price of $65.05, for a total value of $305,735.00.
  • On Wednesday, November 14th, V Gordon Clemons sold 22 shares of CorVel stock. The stock was sold at an average price of $64.20, for a total value of $1,412.40.
  • On Monday, November 12th, V Gordon Clemons sold 700 shares of CorVel stock. The stock was sold at an average price of $64.52, for a total value of $45,164.00.
  • On Thursday, November 8th, V Gordon Clemons sold 2,600 shares of CorVel stock. The stock was sold at an average price of $65.16, for a total value of $169,416.00.
  • On Tuesday, November 6th, V Gordon Clemons sold 3,000 shares of CorVel stock. The stock was sold at an average price of $62.34, for a total value of $187,020.00.
  • On Thursday, November 1st, V Gordon Clemons sold 1,000 shares of CorVel stock. The stock was sold at an average price of $58.34, for a total value of $58,340.00.
  • On Tuesday, October 30th, V Gordon Clemons sold 1,000 shares of CorVel stock. The stock was sold at an average price of $57.53, for a total value of $57,530.00.
  • On Wednesday, October 10th, V Gordon Clemons sold 2,000 shares of CorVel stock. The stock was sold at an average price of $57.81, for a total value of $115,620.00.
  • On Wednesday, October 3rd, V Gordon Clemons sold 1,000 shares of CorVel stock. The stock was sold at an average price of $57.91, for a total value of $57,910.00.
  • On Friday, October 5th, V Gordon Clemons sold 2,587 shares of CorVel stock. The stock was sold at an average price of $57.76, for a total value of $149,425.12.

Shares of NASDAQ:CRVL traded up $0.32 during mid-day trading on Monday, reaching $65.44. 43,600 shares of the stock were exchanged, compared to its average volume of 33,529. The company has a market cap of $1.22 billion, a PE ratio of 28.81 and a beta of 0.54. CorVel Co. has a one year low of $46.45 and a one year high of $67.10.

Separately, BidaskClub raised CorVel from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 30th.

Large investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC bought a new position in shares of CorVel during the second quarter worth about $121,000. SG Americas Securities LLC grew its holdings in shares of CorVel by 66.0% during the second quarter. SG Americas Securities LLC now owns 3,446 shares of the business services provider’s stock worth $186,000 after buying an additional 1,370 shares in the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of CorVel by 15.2% during the third quarter. MetLife Investment Advisors LLC now owns 6,135 shares of the business services provider’s stock worth $370,000 after buying an additional 810 shares in the last quarter. Eqis Capital Management Inc. bought a new position in shares of CorVel during the second quarter worth about $437,000. Finally, Victory Capital Management Inc. grew its holdings in shares of CorVel by 30.3% during the third quarter. Victory Capital Management Inc. now owns 7,999 shares of the business services provider’s stock worth $482,000 after buying an additional 1,859 shares in the last quarter. Institutional investors and hedge funds own 45.47% of the company’s stock.

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CorVel Company Profile

CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.

Further Reading: Cost of Equity

Insider Buying and Selling by Quarter for CorVel (NASDAQ:CRVL)

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