Kennedy Capital Management LLC Has $1.14 Million Position in Red Violet, Inc. (NASDAQ:RDVT)

Kennedy Capital Management LLC increased its holdings in shares of Red Violet, Inc. (NASDAQ:RDVT) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,411 shares of the company’s stock after buying an additional 2,534 shares during the period. Kennedy Capital Management LLC owned about 0.23% of Red Violet worth $1,137,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Red Violet by 98.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 131,988 shares of the company’s stock valued at $4,778,000 after acquiring an additional 65,561 shares during the last quarter. Annex Advisory Services LLC bought a new position in Red Violet during the 4th quarter worth $1,080,000. Russell Investments Group Ltd. lifted its holdings in Red Violet by 39.7% during the 4th quarter. Russell Investments Group Ltd. now owns 100,244 shares of the company’s stock worth $3,629,000 after buying an additional 28,500 shares during the period. JPMorgan Chase & Co. lifted its holdings in Red Violet by 89.7% during the 4th quarter. JPMorgan Chase & Co. now owns 59,269 shares of the company’s stock worth $2,146,000 after buying an additional 28,026 shares during the period. Finally, Prudential Financial Inc. bought a new stake in shares of Red Violet in the 4th quarter valued at about $891,000. 63.56% of the stock is owned by institutional investors.

Red Violet Price Performance

Shares of RDVT opened at $36.97 on Tuesday. The business has a 50-day moving average of $38.40 and a 200-day moving average of $35.55. The company has a market capitalization of $515.32 million, a price-to-earnings ratio of 102.69 and a beta of 1.57. Red Violet, Inc. has a 1 year low of $16.56 and a 1 year high of $43.44.

Insiders Place Their Bets

In other news, Director Steven D. Rubin sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total value of $389,300.00. Following the sale, the director now directly owns 141,138 shares of the company’s stock, valued at approximately $5,494,502.34. This represents a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 9.50% 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.