Red Violet (NASDAQ:RDVT) Sets New 1-Year High – Still a Buy?

Red Violet, Inc. (NASDAQ:RDVT) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $43.28 and last traded at $43.19, with a volume of 155961 shares. The stock had previously closed at $42.35.

Red Violet Stock Down 2.0 %

The stock has a fifty day moving average of $37.28 and a 200-day moving average of $32.84. The stock has a market cap of $554.99 million, a PE ratio of 111.78 and a beta of 1.49.

Red Violet Announces Dividend

The business also recently declared a dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st.

Insider Buying and Selling

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

Institutional Investors Weigh In On Red Violet

A number of institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP boosted its stake in shares of Red Violet by 23.7% during the 4th quarter. Wasatch Advisors LP now owns 676,399 shares of the company’s stock worth $24,486,000 after acquiring an additional 129,519 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Red Violet by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 256,418 shares of the company’s stock worth $7,297,000 after acquiring an additional 3,009 shares in the last quarter. State Street Corp boosted its stake in shares of Red Violet by 5.7% during the 3rd quarter. State Street Corp now owns 188,993 shares of the company’s stock worth $5,377,000 after acquiring an additional 10,199 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Red Violet by 98.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 131,988 shares of the company’s stock worth $4,778,000 after acquiring an additional 65,561 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. boosted its stake in shares of Red Violet by 27.0% during the 4th quarter. Uniplan Investment Counsel Inc. now owns 109,209 shares of the company’s stock worth $3,953,000 after acquiring an additional 23,213 shares in the last quarter. Hedge funds and other institutional investors own 63.56% 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.