Red Violet (NASDAQ:RDVT) Sets New 1-Year High – Still a Buy?

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

Red Violet Price Performance

The stock has a market capitalization of $554.99 million, a price-to-earnings ratio of 111.78 and a beta of 1.49. The business has a fifty day moving average of $37.28 and a 200 day moving average of $32.84.

Red Violet Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st.

Insiders Place Their Bets

In other news, President James Patrick Reilly sold 10,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was 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 represents a 3.54 % 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, Director Peter Benz sold 22,300 shares of the company’s stock in a transaction 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 sale, the director now directly owns 80,766 shares in the company, valued at $3,023,071.38. This represents 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.

Hedge Funds Weigh In On Red Violet

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in 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. increased its holdings in 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 buying an additional 16,951 shares during the last quarter. Barclays PLC increased its holdings in Red Violet by 240.7% in the third quarter. Barclays PLC now owns 18,502 shares of the company’s stock valued at $526,000 after buying an additional 13,072 shares during the last quarter. SG Americas Securities LLC increased its holdings in Red Violet by 14.3% in the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock valued at $289,000 after buying an additional 998 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings 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 valued at $1,595,000 after buying an additional 34,348 shares during the last quarter. Hedge funds and other institutional investors own 63.56% of the company’s stock.

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.