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Michael Jeffrey, a director and significant shareholder of CorVel Corp (NASDAQ:CRVL), recently sold a portion of his shares in the company. According to a filing with the Securities and Exchange Commission, Jeffrey sold a total of 16,523 shares on April 9, 2025. The transactions were executed at prices ranging from $116.64 to $117.31 per share, amounting to a total value of approximately $1.93 million. The sale comes as CorVel, with a market capitalization of $5.86 billion, has demonstrated strong performance with a 47.69% return over the past year. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
These sales were conducted under a Rule 10b5-1 trading plan, which Jeffrey adopted on November 18, 2024. Following these transactions, he holds 551,787 shares directly. The trades highlight a strategic move by Jeffrey, who maintains a significant stake in the company. InvestingPro analysis reveals the company maintains a "GREAT" financial health score, with 10+ additional exclusive insights available to subscribers, including detailed valuation metrics and growth prospects.
In other recent news, CorVel Corporation reported a strong fourth-quarter performance for 2024, with earnings per share (EPS) increasing by 39% to $0.46. The company's revenue also saw a significant boost, reaching $228 million, which marks a 13% increase from the previous year. These figures exceeded market expectations, contributing to a positive response from investors. Additionally, CorVel completed a 3-for-1 stock split in December 2024, enhancing the accessibility of its shares to a wider range of investors. The company attributes its financial success to ongoing investments in technological innovation, particularly in AI and automation. In terms of strategic initiatives, CorVel remains committed to expanding its AI capabilities to improve patient outcomes and operational efficiency. Furthermore, the company repurchased 85,710 shares for $9.6 million during the quarter, reflecting its strong cash position and strategic financial management. Analysts have noted CorVel's robust financial performance and strategic direction as key factors in its recent success.
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