Jump Financial LLC Boosts Position in CorVel Co. (NASDAQ:CRVL)

Jump Financial LLC grew its position in shares of CorVel Co. (NASDAQ:CRVL - Free Report) by 219.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,987 shares of the business services provider's stock after purchasing an additional 6,858 shares during the quarter. Jump Financial LLC's holdings in CorVel were worth $1,111,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake 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 valued at $12,137,000 after acquiring an additional 65,940 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CorVel by 297.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,900 shares of the business services provider's stock worth $768,000 after purchasing an additional 5,163 shares during the period. Steward Partners Investment Advisory LLC grew its position in 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 valued at $594,000 after purchasing an additional 3,558 shares during the period. American Century Companies Inc. raised its holdings in CorVel by 200.8% during the fourth quarter. American Century Companies Inc. now owns 13,832 shares of the business services provider's stock worth $1,539,000 after buying an additional 9,233 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of CorVel by 203.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 261,644 shares of the business services provider's stock worth $29,111,000 after acquiring an additional 175,408 shares in the last quarter. 51.36% of the stock is owned by institutional investors.

CorVel Stock Down 0.8 %

CorVel stock traded down $0.84 during midday trading on Friday, hitting $110.33. 105,053 shares of the stock were exchanged, compared to its average volume of 117,539. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 64.90 and a beta of 0.94. CorVel Co. has a 52-week low of $76.53 and a 52-week high of $128.61. The business's 50-day moving average price is $110.76 and its 200-day moving average price is $115.51.

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

Insider Transactions at CorVel

In other CorVel news, CFO Brandon O'brien sold 1,523 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $119.56, for a total transaction of $182,089.88. Following the completion of the transaction, the chief financial officer now owns 17,142 shares in the company, valued at $2,049,497.52. This trade represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Hoops sold 10,200 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $116.39, for a total transaction of $1,187,178.00. Following the completion of the sale, the director now directly owns 118,213 shares in the company, valued at approximately $13,758,811.07. This trade represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,723 shares of company stock worth $5,757,140 in the last quarter. Insiders own 47.57% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded CorVel from a "hold" rating to a "buy" rating in a 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.