A Director at Corvel is Exercising Options


Today, a Director at Corvel, Jean Macino, exercised options of Corvel (NASDAQ: CRVL) for $67.5K.

This recent transaction increases Jean Macino’s holding in the company by 100% to a total of $232.7K. Following Jean Macino’s last CRVL Buy transaction on June 08, 2016, the stock climbed by 3.2%.

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Based on Corvel’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $144 million and quarterly net profit of $8.96 million. In comparison, last year the company earned revenue of $134 million and had a net profit of $7.99 million. CRVL’s market cap is $975.4M and the company has a P/E ratio of 27.65. Currently, Corvel has an average volume of 41.58K.

The insider sentiment on Corvel has been positive according to 23 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Jean Macino’s trades have generated a -14.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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CorVel Corp. engages in managed care services. The firm provides worker’s compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes.

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