Red Violet (NASDAQ:RDVT) Hits New 12-Month High - What's Next?

Red Violet, Inc. (NASDAQ:RDVT - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $43.28 and last traded at $43.19, with a volume of 155961 shares changing hands. The stock had previously closed at $42.35.

Red Violet Trading Down 3.5 %

The firm has a market capitalization of $535.60 million, a PE ratio of 107.89 and a beta of 1.49. The company has a fifty day moving average price of $37.34 and a two-hundred day moving average price of $33.01.

Red Violet Announces Dividend

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

Insider Activity at Red Violet

In related news, 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 value of $372,500.00. Following the transaction, the president now owns 272,124 shares in the company, valued at $10,136,619. The trade was a 3.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter Benz sold 22,300 shares of the business'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 transaction, the director now owns 80,766 shares in the company, valued at $3,023,071.38. This trade represents a 21.64 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Red Violet

Several institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC increased its position in Red Violet by 56.4% in the 4th quarter. Squarepoint Ops LLC now owns 43,928 shares of the company's stock valued at $1,590,000 after acquiring an additional 15,840 shares during the period. Occudo Quantitative Strategies LP acquired a new position in Red Violet during the 4th quarter worth approximately $304,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Red Violet by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company's stock worth $227,000 after purchasing an additional 259 shares during the period. Lazard Asset Management LLC increased its position in Red Violet by 65.3% during the 4th quarter. Lazard Asset Management LLC now owns 34,518 shares of the company's stock worth $1,249,000 after purchasing an additional 13,631 shares during the period. Finally, Janus Henderson Group PLC increased its position in Red Violet by 32.4% during the 4th quarter. Janus Henderson Group PLC now owns 32,190 shares of the company's stock worth $1,165,000 after purchasing an additional 7,885 shares during the period. Institutional investors and hedge funds own 63.56% of the company's stock.

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.