Red Violet (NASDAQ:RDVT) Hits New 52-Week High – Here’s What Happened

Red Violet, Inc. (NASDAQ:RDVT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $39.88 and last traded at $39.71, with a volume of 15069 shares trading hands. The stock had previously closed at $39.45.

Red Violet Trading Down 2.0 %

The firm’s 50 day moving average price is $33.93 and its 200-day moving average price is $28.79. The company has a market cap of $503.41 million, a P/E ratio of 101.39 and a beta of 1.49.

Insider Buying and Selling at Red Violet

In other Red Violet news, Director Peter Benz sold 22,300 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total value of $834,689.00. Following the transaction, the director now owns 80,766 shares of the company’s stock, valued at approximately $3,023,071.38. This represents a 21.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President James Patrick Reilly sold 10,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $37.25, for a total value of $372,500.00. Following the transaction, the president now owns 272,124 shares of the company’s stock, valued at $10,136,619. The trade was a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Red Violet

Hedge funds have recently bought and sold shares of the company. Marshall Wace LLP increased its holdings in shares of Red Violet by 323.4% in the second quarter. Marshall Wace LLP now owns 56,561 shares of the company’s stock worth $1,437,000 after acquiring an additional 43,203 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Red Violet by 158.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company’s stock worth $1,595,000 after purchasing an additional 34,348 shares in the last quarter. Legato Capital Management LLC acquired a new stake in Red Violet during the 2nd quarter worth approximately $595,000. Walleye Capital LLC bought a new position in Red Violet in the third quarter valued at approximately $532,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Red Violet in the second quarter valued at approximately $397,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.

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.