Red Violet (NASDAQ:RDVT) Reaches New 52-Week High – Here’s What Happened

Red Violet, Inc. (NASDAQ:RDVT)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $40.03 and last traded at $39.98, with a volume of 79500 shares changing hands. The stock had previously closed at $39.34.

Red Violet Price Performance

The business’s 50-day moving average price is $36.71 and its two-hundred day moving average price is $31.82. The company has a market capitalization of $543.46 million, a P/E ratio of 109.47 and a beta of 1.49.

Red Violet Dividend Announcement

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

Insider Buying and Selling at Red Violet

In other news, Director Peter Benz sold 22,300 shares of the business’s stock in a transaction 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 sale, the director now owns 80,766 shares of the company’s stock, valued at $3,023,071.38. The trade was a 21.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 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 directly owns 272,124 shares of the company’s stock, valued at approximately $10,136,619. This trade represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

Hedge Funds Weigh In On Red Violet

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of Red Violet by 114.3% in the third quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company’s stock valued at $889,000 after buying an additional 16,661 shares during the last quarter. Salem Investment Counselors Inc. grew its position in shares of Red Violet by 202.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock valued at $916,000 after purchasing an additional 16,951 shares during the last quarter. Barclays PLC increased its stake in shares of Red Violet by 240.7% during the third quarter. Barclays PLC now owns 18,502 shares of the company’s stock worth $526,000 after purchasing an additional 13,072 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Red Violet by 158.3% during the 3rd 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 last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Red Violet in the 4th quarter valued at $232,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Red Violet Company 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.