CorVel Announces Expansion of Stock Repurchase Program
CorVel Corp. (CRVL)
US:NASDAQ Investor Relations:
corvel.com/investors
Company Research
Source: GlobeNewswire
IRVINE, Calif., Feb. 12, 2019 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL), reported that the Company’s Board of Directors has approved a 1,000,000 share expansion to its existing stock repurchase program, increasing the total number of shares approved for repurchase over the life of such program to 37,000,000 shares from the previous limit of 36,000,000 shares. Based upon the Company’s closing stock price on February 8, 2019, this increase in the number of shares authorized to be repurchased over time would cost approximately an additional $63 million if the full 1,000,000 additional shares are repurchased. The actual cost could be higher or lower depending on the Company’s stock price at the time of any repurchases and the frequency and amount of any repurchases. As of December 31, 2018, the Company had $96 million in cash on the balance sheet and no debt. “As a result of CorVel’s organic revenue growth, and the strength of our business model we believe we remain we
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CRVL
News
- CorVel Announces New Integrations for Managed Care Services Enabling Partners to Increase Connectivity and Create a Seamless Workflow Experience [Yahoo! Finance]Yahoo! Finance
- CorVel Announces New Integrations for Managed Care Services Enabling Partners to Increase Connectivity and Create a Seamless Workflow ExperienceGlobeNewswire
- CorVel Co. (NASDAQ: CRVL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- CorVel Co. (NASDAQ: CRVL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- CorVel Launches “Center of Excellence” for Vocational Evaluation ServicesGlobeNewswire
CRVL
Sec Filings
- 4/17/24 - Form 4/A
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- CRVL's page on the SEC website