Ashford Capital Management Inc. Sells 154,730 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Ashford Capital Management Inc. trimmed its stake in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 16.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 799,587 shares of the company's stock after selling 154,730 shares during the period. Red Violet comprises approximately 2.8% of Ashford Capital Management Inc.'s investment portfolio, making the stock its 13th biggest position. Ashford Capital Management Inc. owned approximately 5.80% of Red Violet worth $22,748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Marshall Wace LLP grew its holdings in Red Violet by 323.4% during the 2nd 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 during the period. Los Angeles Capital Management LLC lifted its stake in Red Violet by 158.3% in the third quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company's stock valued at $1,595,000 after buying an additional 34,348 shares during the period. Legato Capital Management LLC bought a new position in shares of Red Violet during the 2nd quarter worth approximately $595,000. Walleye Capital LLC acquired a new stake in shares of Red Violet during the 3rd quarter worth approximately $532,000. Finally, Vanguard Group Inc. increased its stake in shares of Red Violet by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 571,919 shares of the company's stock valued at $11,181,000 after acquiring an additional 16,933 shares in the last quarter. 63.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Red Violet

In related news, Director Peter Benz sold 22,300 shares of the company'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 in the company, valued at approximately $3,023,071.38. This represents a 21.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $372,500.00. Following the transaction, the president now owns 272,124 shares in the company, valued at approximately $10,136,619. This trade represents a 3.54 % 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 corporate insiders.

Red Violet Trading Up 2.2 %

NASDAQ RDVT traded up $0.82 on Tuesday, hitting $38.22. 128,983 shares of the company were exchanged, compared to its average volume of 50,869. Red Violet, Inc. has a 12 month low of $16.56 and a 12 month high of $39.27. The company has a market cap of $527.05 million, a PE ratio of 103.89 and a beta of 1.49. The stock has a fifty day moving average of $32.05 and a 200-day moving average of $27.93.

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.