Kennedy Capital Management LLC Has $1.14 Million Stock Position in Red Violet, Inc. (NASDAQ:RDVT)

Kennedy Capital Management LLC increased its position in Red Violet, Inc. (NASDAQ:RDVT) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,411 shares of the company’s stock after buying an additional 2,534 shares during the period. Kennedy Capital Management LLC’s holdings in Red Violet were worth $1,137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Red Violet in the fourth quarter valued at approximately $88,000. Wells Fargo & Company MN lifted its holdings in shares of Red Violet by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,688 shares of the company’s stock worth $206,000 after purchasing an additional 2,089 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Red Violet in the 4th quarter valued at $207,000. Hennion & Walsh Asset Management Inc. bought a new stake in Red Violet during the 4th quarter valued at $232,000. Finally, Bailard Inc. acquired a new position in Red Violet during the fourth quarter worth $243,000. 63.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Red Violet news, Director Steven D. Rubin sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total transaction of $389,300.00. Following the completion of the sale, the director now directly owns 141,138 shares of the company’s stock, valued at approximately $5,494,502.34. The trade was a 6.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.50% of the stock is currently owned by company insiders.

Red Violet Trading Up 1.4 %

Red Violet stock opened at $36.97 on Tuesday. The firm has a market capitalization of $515.32 million, a price-to-earnings ratio of 102.69 and a beta of 1.57. The firm’s fifty day moving average price is $38.40 and its two-hundred day moving average price is $35.55. Red Violet, Inc. has a 1-year low of $16.56 and a 1-year high of $43.44.

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.