Annex Advisory Services LLC Purchases New Stake in Red Violet, Inc. (NASDAQ:RDVT)

Annex Advisory Services LLC purchased a new stake in shares of Red Violet, Inc. (NASDAQ:RDVT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,845 shares of the company’s stock, valued at approximately $1,080,000. Annex Advisory Services LLC owned 0.22% of Red Violet as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in RDVT. Marshall Wace LLP grew its position in Red Violet by 323.4% during the second quarter. Marshall Wace LLP now owns 56,561 shares of the company’s stock valued at $1,437,000 after buying an additional 43,203 shares during the period. Los Angeles Capital Management LLC boosted its position in Red Violet by 158.3% during the third quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company’s stock worth $1,595,000 after purchasing an additional 34,348 shares during the period. Walleye Capital LLC bought a new position in Red Violet during the third quarter worth about $532,000. Salem Investment Counselors Inc. boosted its position in Red Violet by 202.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock worth $916,000 after purchasing an additional 16,951 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Red Violet by 114.3% during the third quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company’s stock worth $889,000 after purchasing an additional 16,661 shares during the period. Institutional investors own 63.56% of the company’s stock.

Red Violet Stock Up 1.2 %

Shares of NASDAQ:RDVT opened at $35.45 on Tuesday. The firm has a market capitalization of $488.86 million, a PE ratio of 98.47 and a beta of 1.48. Red Violet, Inc. has a twelve month low of $16.56 and a twelve month high of $39.88. The company has a 50-day moving average price of $36.40 and a two-hundred day moving average price of $30.89.

Red Violet Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, January 31st.

Insiders Place Their Bets

In other news, Director Peter Benz sold 22,300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total value of $834,689.00. Following the completion of the transaction, the director now directly owns 80,766 shares in the company, valued at approximately $3,023,071.38. This trade represents a 21.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President James Patrick Reilly sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $37.25, for a total transaction of $372,500.00. Following the completion of the transaction, the president now owns 272,124 shares of the company’s stock, valued at $10,136,619. This trade represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.50% of the company’s stock.

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.