Red Violet (NASDAQ:RDVT) Sets New 1-Year High – Here’s Why

Red Violet, Inc. (NASDAQ:RDVT)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.03 and last traded at $39.98, with a volume of 79500 shares. The stock had previously closed at $39.34.

Red Violet Price Performance

The business has a fifty day moving average of $36.58 and a 200-day moving average of $31.71. The stock has a market capitalization of $548.57 million, a price-to-earnings ratio of 110.45 and a beta of 1.49.

Red Violet Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, January 31st.

Insider Buying and Selling

In other Red Violet news, President James Patrick Reilly sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the president now owns 272,124 shares in the company, valued at $10,136,619. This trade represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Peter Benz sold 22,300 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total transaction of $834,689.00. Following the completion of the sale, the director now owns 80,766 shares of the company’s stock, valued at $3,023,071.38. The trade was a 21.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RDVT. Janus Henderson Group PLC raised its position in shares of Red Violet by 4.3% during the third quarter. Janus Henderson Group PLC now owns 24,305 shares of the company’s stock valued at $691,000 after buying an additional 992 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Red Violet by 14.3% during the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock worth $289,000 after buying an additional 998 shares in the last quarter. Bank of New York Mellon Corp raised its position in Red Violet by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company’s stock valued at $1,235,000 after purchasing an additional 1,068 shares during the last quarter. Geode Capital Management LLC boosted its stake in Red Violet by 1.2% in the third quarter. Geode Capital Management LLC now owns 256,418 shares of the company’s stock worth $7,297,000 after purchasing an additional 3,009 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Red Violet during the fourth quarter worth $232,000. Institutional investors own 63.56% of the company’s stock.

About Red Violet

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.