Ellsworth Advisors LLC Takes Position in Red Violet, Inc. (NASDAQ:RDVT)

Ellsworth Advisors LLC acquired a new stake in Red Violet, Inc. (NASDAQ:RDVT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,096 shares of the company’s stock, valued at approximately $619,000. Ellsworth Advisors LLC owned 0.12% of Red Violet as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in RDVT. Marshall Wace LLP boosted its stake in shares of Red Violet by 323.4% in the second quarter. Marshall Wace LLP now owns 56,561 shares of the company’s stock valued at $1,437,000 after purchasing an additional 43,203 shares during the period. Los Angeles Capital Management LLC lifted its stake in Red Violet by 158.3% in the third quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company’s stock worth $1,595,000 after acquiring an additional 34,348 shares during the last quarter. Annex Advisory Services LLC purchased a new position in Red Violet in the fourth quarter worth approximately $1,080,000. Walleye Capital LLC purchased a new position in Red Violet in the third quarter worth approximately $532,000. Finally, Salem Investment Counselors Inc. lifted its stake in Red Violet by 202.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock worth $916,000 after acquiring an additional 16,951 shares during the last quarter. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Insider Buying and Selling

In other Red Violet news, 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 sale, the president now owns 272,124 shares of the company’s stock, valued at approximately $10,136,619. This trade represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter Benz sold 22,300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total transaction of $834,689.00. Following the sale, the director now directly owns 80,766 shares in the company, valued at approximately $3,023,071.38. The trade was a 21.64 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is owned by insiders.

Red Violet Stock Up 1.2 %

Shares of Red Violet stock opened at $35.45 on Tuesday. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $39.88. The company has a 50 day moving average of $36.40 and a 200 day moving average of $30.89. The company has a market capitalization of $488.86 million, a P/E ratio of 98.47 and a beta of 1.48.

Red Violet Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.30 dividend. The ex-dividend date is Friday, January 31st.

About Red Violet

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.