Red Violet, Inc. $RDVT Shares Purchased by Ashford Capital Management Inc.

Ashford Capital Management Inc. raised its position in Red Violet, Inc. (NASDAQ:RDVT) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 602,818 shares of the company’s stock after acquiring an additional 22,110 shares during the period. Red Violet comprises approximately 3.8% of Ashford Capital Management Inc.’s holdings, making the stock its 4th largest holding. Ashford Capital Management Inc.’s holdings in Red Violet were worth $34,330,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in Red Violet by 247.4% in the 4th quarter. Royal Bank of Canada now owns 282,480 shares of the company’s stock valued at $16,088,000 after acquiring an additional 201,169 shares in the last quarter. Evernest Financial Advisors LLC raised its holdings in shares of Red Violet by 119.2% in the 4th quarter. Evernest Financial Advisors LLC now owns 28,000 shares of the company’s stock worth $1,595,000 after buying an additional 15,225 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Red Violet by 46.4% in the 4th quarter. Kennedy Capital Management LLC now owns 123,688 shares of the company’s stock worth $7,044,000 after buying an additional 39,229 shares in the last quarter. Barclays PLC raised its holdings in shares of Red Violet by 11.1% in the 4th quarter. Barclays PLC now owns 21,364 shares of the company’s stock worth $1,217,000 after buying an additional 2,132 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Red Violet by 33.6% in the 4th quarter. First Trust Advisors LP now owns 7,061 shares of the company’s stock worth $402,000 after buying an additional 1,774 shares in the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RDVT shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Red Violet in a report on Friday, May 8th. Zacks Research cut Red Violet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen cut Red Violet from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Red Violet currently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Insider Activity at Red Violet

In other Red Violet news, insider Jeffrey Alan Dell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $57.44, for a total transaction of $574,400.00. Following the sale, the insider directly owned 155,889 shares in the company, valued at approximately $8,954,264.16. This trade represents a 6.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel Maclachlan sold 12,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $57.43, for a total value of $689,160.00. Following the completion of the sale, the chief financial officer owned 358,902 shares in the company, valued at approximately $20,611,741.86. This trade represents a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 46,000 shares of company stock valued at $2,641,880. Corporate insiders own 8.90% of the company’s stock.

Red Violet Trading Up 0.3%

NASDAQ RDVT opened at $55.69 on Wednesday. The stock has a 50-day simple moving average of $46.29 and a 200 day simple moving average of $46.73. The company has a market capitalization of $785.79 million, a PE ratio of 58.01 and a beta of 1.86. Red Violet, Inc. has a 12 month low of $33.40 and a 12 month high of $64.14.

Red Violet (NASDAQ:RDVT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.32 by $0.14. The business had revenue of $25.83 million for the quarter, compared to the consensus estimate of $24.63 million. Red Violet had a return on equity of 14.30% and a net margin of 14.99%. As a group, sell-side analysts predict that Red Violet, Inc. will post 1.06 earnings per share for the current fiscal year.

Red Violet Profile

Red Violet, Inc (NASDAQ: RDVT) is a provider of advanced data, analytics and technology solutions designed to help organizations mitigate financial crime, fraud and security risks. The company’s cloud-native platform consolidates and enriches data from proprietary, public and third-party sources, applying artificial intelligence and machine learning to deliver insights across the risk-management lifecycle. Red Violet’s suite of services includes behavior-based transaction monitoring, automated watchlist and negative-news screening, enhanced due diligence and real-time geospatial threat intelligence.

Leveraging proprietary algorithms, Red Violet offers products that enable compliance teams to streamline anti-money laundering processes, improve fraud detection and respond swiftly to emerging threats.