Kennedy Capital Management LLC Has $473,000 Stock Holdings in Red Violet, Inc. (NASDAQ:RDVT)

Kennedy Capital Management LLC lifted its stake in Red Violet, Inc. (NASDAQ:RDVT) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,190 shares of the company’s stock after acquiring an additional 862 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.18% of Red Violet worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of RDVT. Cove Street Capital LLC acquired a new position in shares of Red Violet in the first quarter worth $5,376,000. Wasatch Advisors LP increased its stake in shares of Red Violet by 58.6% in the first quarter. Wasatch Advisors LP now owns 663,828 shares of the company’s stock worth $12,978,000 after acquiring an additional 245,224 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in Red Violet in the first quarter worth $978,000. Quadrature Capital Ltd bought a new stake in Red Violet in the fourth quarter worth $375,000. Finally, Vanguard Group Inc. boosted its holdings in Red Violet by 3.1% in the first quarter. Vanguard Group Inc. now owns 571,919 shares of the company’s stock worth $11,181,000 after purchasing an additional 16,933 shares in the last quarter. 63.56% of the stock is owned by institutional investors and hedge funds.

Red Violet Trading Down 5.5 %

Shares of NASDAQ:RDVT opened at $24.35 on Friday. The stock has a market capitalization of $334.33 million, a PE ratio of 23.87 and a beta of 1.49. Red Violet, Inc. has a 1 year low of $16.56 and a 1 year high of $26.65. The firm has a fifty day moving average price of $23.77 and a 200 day moving average price of $20.38.

Red Violet (NASDAQ:RDVT) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.08. Red Violet had a net margin of 23.14% and a return on equity of 17.94%. The firm had revenue of $17.51 million during the quarter, compared to analysts’ expectations of $16.58 million. On average, sell-side analysts forecast that Red Violet, Inc. will post 0.41 earnings per share for the current fiscal year.

Red Violet Profile

Red Violet, Inc, a software and services company, specializes in proprietary technologies and applying analytical capabilities to deliver identity intelligence in the United States. It offers idiCORE, an investigative solution used to address various organizational challenges, which include due diligence, risk mitigation, identity authentication, fraud detection and prevention, customer acquisition, and regulatory compliance; and FOREWARN, an app-based solution that provides instant knowledge before face-to-face engagement with a consumer, as well as helps professionals to identify and mitigate risk.