28,100 Shares in CorVel Co. (NASDAQ:CRVL) Purchased by APG Asset Management N.V.

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APG Asset Management N.V. purchased a new stake in CorVel Co. (NASDAQ:CRVL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,100 shares of the business services provider’s stock, valued at approximately $2,147,000. APG Asset Management N.V. owned approximately 0.15% of CorVel at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its holdings in CorVel by 4.7% in the second quarter. Parametric Portfolio Associates LLC now owns 34,919 shares of the business services provider’s stock worth $3,038,000 after buying an additional 1,581 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of CorVel by 140.7% during the second quarter. Public Employees Retirement System of Ohio now owns 10,841 shares of the business services provider’s stock worth $943,000 after purchasing an additional 6,337 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of CorVel by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 120,621 shares of the business services provider’s stock worth $10,496,000 after purchasing an additional 374 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CorVel by 2.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 53,151 shares of the business services provider’s stock worth $4,625,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of CorVel by 90.8% during the second quarter. Bank of Montreal Can now owns 1,591 shares of the business services provider’s stock worth $139,000 after purchasing an additional 757 shares during the last quarter. Institutional investors own 47.68% of the company’s stock.

NASDAQ:CRVL traded up $0.67 during mid-day trading on Friday, reaching $77.30. The company’s stock had a trading volume of 39,166 shares, compared to its average volume of 76,590. The company’s fifty day simple moving average is $80.79 and its two-hundred day simple moving average is $78.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 1.70. CorVel Co. has a twelve month low of $52.30 and a twelve month high of $93.96. The stock has a market cap of $1.42 billion, a P/E ratio of 30.05 and a beta of 0.66.

CorVel (NASDAQ:CRVL) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $0.71 earnings per share (EPS) for the quarter. The firm had revenue of $150.14 million for the quarter. CorVel had a return on equity of 24.76% and a net margin of 8.12%.

Several equities research analysts have recently commented on CRVL shares. ValuEngine cut CorVel from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. BidaskClub lowered CorVel from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 26th.

In other news, Director Jeffrey J. Michael sold 6,000 shares of CorVel stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $85.02, for a total value of $510,120.00. Following the completion of the transaction, the director now owns 206,985 shares in the company, valued at approximately $17,597,864.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman V Gordon Clemons sold 2,000 shares of CorVel stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $78.09, for a total value of $156,180.00. Following the completion of the transaction, the chairman now owns 1,769,146 shares of the company’s stock, valued at approximately $138,152,611.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,621 shares of company stock worth $4,247,476. Company insiders own 50.70% of the company’s stock.

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.

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Institutional Ownership by Quarter for CorVel (NASDAQ:CRVL)

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