Pembroke Management LTD Raises Position in Red Violet, Inc. (NASDAQ:RDVT)

Pembroke Management LTD grew its stake in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 125.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,052 shares of the company's stock after purchasing an additional 16,703 shares during the period. Pembroke Management LTD owned approximately 0.22% of Red Violet worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RDVT. Los Angeles Capital Management LLC raised its holdings in shares of Red Violet by 158.3% during the third quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company's stock valued at $1,595,000 after purchasing an additional 34,348 shares during the period. Annex Advisory Services LLC bought a new stake in shares of Red Violet during the fourth quarter worth about $1,080,000. Walleye Capital LLC bought a new stake in shares of Red Violet during the third quarter worth about $532,000. Ellsworth Advisors LLC bought a new stake in shares of Red Violet during the fourth quarter worth about $619,000. Finally, Salem Investment Counselors Inc. increased its position in shares of Red Violet by 202.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company's stock worth $916,000 after acquiring an additional 16,951 shares in the last quarter. Institutional investors and hedge funds own 63.56% of the company's stock.

Insider Transactions at Red Violet

In other Red Violet news, Director Peter Benz sold 22,300 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $3,023,071.38. This represents a 21.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President James Patrick Reilly sold 10,000 shares of the company'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 completion of the sale, the president now directly owns 272,124 shares of the company's stock, valued at $10,136,619. The trade was 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 insiders.

Red Violet Price Performance

Shares of NASDAQ:RDVT traded down $1.40 during midday trading on Friday, hitting $38.84. 89,765 shares of the company's stock were exchanged, compared to its average volume of 86,058. The stock has a 50 day moving average price of $37.34 and a 200-day moving average price of $33.01. The company has a market cap of $535.60 million, a PE ratio of 107.89 and a beta of 1.49. Red Violet, Inc. has a 12 month low of $16.56 and a 12 month high of $43.44.

Red Violet Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st.

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.