Curi RMB Capital LLC Boosts Position in CorVel Co. (NASDAQ:CRVL)

Curi RMB Capital LLC boosted its holdings in CorVel Co. (NASDAQ:CRVL - Free Report) by 200.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,709 shares of the business services provider's stock after buying an additional 5,806 shares during the period. Curi RMB Capital LLC's holdings in CorVel were worth $969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in shares of CorVel by 152.8% in the 4th quarter. Victory Capital Management Inc. now owns 109,084 shares of the business services provider's stock worth $12,137,000 after buying an additional 65,940 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CorVel by 297.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,900 shares of the business services provider's stock valued at $768,000 after purchasing an additional 5,163 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of CorVel by 199.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,343 shares of the business services provider's stock worth $594,000 after purchasing an additional 3,558 shares during the period. American Century Companies Inc. increased its position in shares of CorVel by 200.8% during the 4th quarter. American Century Companies Inc. now owns 13,832 shares of the business services provider's stock valued at $1,539,000 after purchasing an additional 9,233 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in CorVel by 203.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 261,644 shares of the business services provider's stock valued at $29,111,000 after buying an additional 175,408 shares during the period. 51.36% of the stock is owned by institutional investors.

Insider Activity at CorVel

In related news, CFO Brandon O'brien sold 1,523 shares of the company's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $119.56, for a total transaction of $182,089.88. Following the completion of the sale, the chief financial officer now directly owns 17,142 shares in the company, valued at $2,049,497.52. This represents a 8.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey J. Michael sold 16,523 shares of CorVel stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $116.99, for a total value of $1,933,025.77. Following the completion of the transaction, the director now owns 551,787 shares in the company, valued at $64,553,561.13. This trade represents a 2.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,723 shares of company stock worth $5,757,140 over the last three months. 47.57% of the stock is owned by corporate insiders.

CorVel Stock Down 0.8 %

CRVL stock traded down $0.86 during trading on Friday, hitting $110.31. The company had a trading volume of 185,999 shares, compared to its average volume of 117,134. CorVel Co. has a 52-week low of $76.53 and a 52-week high of $128.61. The company has a 50 day simple moving average of $110.76 and a 200-day simple moving average of $115.51. The firm has a market capitalization of $5.67 billion, a P/E ratio of 64.89 and a beta of 0.94.

CorVel (NASDAQ:CRVL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $0.46 earnings per share (EPS) for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded CorVel from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

CorVel Company Profile

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.