Ashford Capital Management Inc. Reduces Stake in Red Violet, Inc. (NASDAQ:RDVT)

Ashford Capital Management Inc. cut its stake in shares of Red Violet, Inc. (NASDAQ:RDVT) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 697,251 shares of the company’s stock after selling 102,336 shares during the period. Red Violet accounts for approximately 3.0% of Ashford Capital Management Inc.’s portfolio, making the stock its 12th largest holding. Ashford Capital Management Inc. owned approximately 5.06% of Red Violet worth $25,240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in Red Violet by 114.3% during the third quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company’s stock valued at $889,000 after acquiring an additional 16,661 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Red Violet by 14.3% in the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock valued at $289,000 after purchasing an additional 998 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Red Violet during the 4th quarter valued at $232,000. Ellsworth Advisors LLC bought a new position in shares of Red Violet in the fourth quarter worth $619,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Red Violet by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,083 shares of the company’s stock worth $1,161,000 after buying an additional 1,181 shares in the last quarter. 63.56% of the stock is currently owned by institutional investors.

Red Violet Stock Performance

NASDAQ:RDVT opened at $49.12 on Tuesday. Red Violet, Inc. has a 52-week low of $19.76 and a 52-week high of $49.80. The stock has a fifty day moving average of $39.40 and a 200 day moving average of $37.82. The firm has a market capitalization of $685.52 million, a price-to-earnings ratio of 136.44 and a beta of 1.69.

Insider Buying and Selling at Red Violet

In related news, insider Jeffrey Alan Dell sold 5,000 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $46.20, for a total value of $231,000.00. Following the transaction, the insider now owns 172,968 shares of the company’s stock, valued at $7,991,121.60. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven D. Rubin sold 10,000 shares of the firm’s stock in a transaction dated 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 owns 141,138 shares in the company, valued at $5,494,502.34. The trade was a 6.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $1,082,400 in the last 90 days. Corporate insiders own 9.50% of the company’s stock.

Red Violet 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.