Red Violet, Inc. $RDVT Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC raised its stake in Red Violet, Inc. (NASDAQ:RDVT) by 46.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 123,688 shares of the company’s stock after purchasing an additional 39,229 shares during the period. Kennedy Capital Management LLC’s holdings in Red Violet were worth $7,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Barclays PLC boosted its stake in Red Violet by 11.1% in the fourth quarter. Barclays PLC now owns 21,364 shares of the company’s stock valued at $1,217,000 after acquiring an additional 2,132 shares in the last quarter. First Trust Advisors LP boosted its stake in Red Violet by 33.6% in the fourth quarter. First Trust Advisors LP now owns 7,061 shares of the company’s stock valued at $402,000 after acquiring an additional 1,774 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Red Violet by 6.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,686 shares of the company’s stock valued at $7,386,000 after acquiring an additional 7,317 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Red Violet by 145.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 567 shares of the company’s stock valued at $32,000 after acquiring an additional 336 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Red Violet by 68.2% in the fourth quarter. Wells Fargo & Company MN now owns 13,330 shares of the company’s stock valued at $759,000 after acquiring an additional 5,403 shares in the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

Red Violet Stock Performance

Shares of RDVT opened at $55.54 on Tuesday. Red Violet, Inc. has a fifty-two week low of $33.40 and a fifty-two week high of $64.14. The company has a market capitalization of $783.67 million, a price-to-earnings ratio of 57.85 and a beta of 1.85. The firm has a 50-day simple moving average of $45.89 and a 200-day simple moving average of $46.72.

Red Violet (NASDAQ:RDVT) last announced its earnings results on Wednesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.14. Red Violet had a net margin of 14.99% and a return on equity of 14.30%. The business had revenue of $25.83 million during the quarter, compared to the consensus estimate of $24.63 million. Equities research analysts forecast that Red Violet, Inc. will post 1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RDVT. Weiss Ratings restated a “hold (c+)” rating on shares of Red Violet in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Red Violet from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research downgraded shares of Red Violet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Insider Buying and Selling at Red Violet

In other news, President James Patrick Reilly sold 12,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $57.43, for a total transaction of $689,160.00. Following the completion of the sale, the president owned 232,351 shares in the company, valued at approximately $13,343,917.93. This represents a 4.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Derek Dubner sold 12,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $57.43, for a total transaction of $689,160.00. Following the sale, the chief executive officer owned 557,273 shares of the company’s stock, valued at $32,004,188.39. This trade represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 46,000 shares of company stock worth $2,641,880 over the last three months. 8.90% of the stock is currently owned by corporate insiders.

Red Violet Company Profile

Red Violet, Inc (NASDAQ: RDVT) is a provider of advanced data, analytics and technology solutions designed to help organizations mitigate financial crime, fraud and security risks. The company’s cloud-native platform consolidates and enriches data from proprietary, public and third-party sources, applying artificial intelligence and machine learning to deliver insights across the risk-management lifecycle. Red Violet’s suite of services includes behavior-based transaction monitoring, automated watchlist and negative-news screening, enhanced due diligence and real-time geospatial threat intelligence.

Leveraging proprietary algorithms, Red Violet offers products that enable compliance teams to streamline anti-money laundering processes, improve fraud detection and respond swiftly to emerging threats.