Los Angeles Capital Management LLC lifted its position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 158.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,050 shares of the company's stock after buying an additional 34,348 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.41% of Red Violet worth $1,595,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in 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 purchasing an additional 16,933 shares during the last quarter. Quadrature Capital Ltd raised its stake in Red Violet by 3.7% in the 1st quarter. Quadrature Capital Ltd now owns 19,480 shares of the company's stock valued at $383,000 after purchasing an additional 702 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Red Violet by 352.9% in the 1st quarter. Lazard Asset Management LLC now owns 3,614 shares of the company's stock valued at $70,000 after buying an additional 2,816 shares during the period. Kennedy Capital Management LLC grew its holdings in Red Violet by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 24,190 shares of the company's stock valued at $473,000 after buying an additional 862 shares during the period. Finally, Ancora Advisors LLC purchased a new stake in Red Violet in the 1st quarter valued at about $899,000. Institutional investors and hedge funds own 63.56% of the company's stock.
Red Violet Price Performance
NASDAQ RDVT traded down $1.39 on Thursday, reaching $33.04. The company had a trading volume of 58,739 shares, compared to its average volume of 46,983. The firm has a market capitalization of $455.62 million, a PE ratio of 91.83 and a beta of 1.46. Red Violet, Inc. has a 1 year low of $16.56 and a 1 year high of $35.74. The firm has a 50-day moving average of $29.32 and a 200-day moving average of $25.71.
About Red Violet
(
Free Report)
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.
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