Red Violet (NASDAQ:RDVT) Hits New 12-Month High – Still a Buy?

Red Violet, Inc. (NASDAQ:RDVT)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $43.28 and last traded at $43.19, with a volume of 155961 shares trading hands. The stock had previously closed at $42.35.

Red Violet Stock Down 2.2 %

The stock has a market cap of $582.21 million, a PE ratio of 117.28 and a beta of 1.49. The business has a 50 day moving average price of $37.21 and a 200 day moving average price of $32.67.

Red Violet Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.30 dividend. The ex-dividend date was Friday, January 31st.

Insider Buying and Selling

In related news, Director Peter Benz sold 22,300 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total value of $834,689.00. Following the completion of the sale, the director now owns 80,766 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President James Patrick Reilly sold 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $37.25, for a total value of $372,500.00. Following the completion of the sale, the president now directly owns 272,124 shares of the company’s stock, valued at approximately $10,136,619. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Red Violet by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company’s stock valued at $227,000 after buying an additional 259 shares in the last quarter. Janus Henderson Group PLC increased its position in Red Violet by 4.3% during the 3rd quarter. Janus Henderson Group PLC now owns 24,305 shares of the company’s stock worth $691,000 after purchasing an additional 992 shares during the period. SG Americas Securities LLC increased its position in Red Violet by 14.3% during the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock worth $289,000 after purchasing an additional 998 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Red Violet by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company’s stock worth $1,235,000 after acquiring an additional 1,068 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Red Violet by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,083 shares of the company’s stock worth $1,161,000 after acquiring an additional 1,181 shares during the period. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

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.