Red Violet (NASDAQ:RDVT) Reaches New 52-Week High - Still a Buy?

Red Violet, Inc. (NASDAQ:RDVT - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $40.03 and last traded at $39.98, with a volume of 79500 shares changing hands. The stock had previously closed at $39.34.

Red Violet Price Performance

The company has a fifty day moving average price of $36.77 and a 200 day moving average price of $32.00. The stock has a market cap of $543.46 million, a P/E ratio of 109.47 and a beta of 1.49.

Red Violet Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, January 31st.

Insider Buying and Selling at Red Violet

In related news, 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 transaction of $834,689.00. Following the transaction, the director now directly owns 80,766 shares in the company, valued at approximately $3,023,071.38. The trade was a 21.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President James Patrick Reilly sold 10,000 shares of the stock in a transaction dated Monday, November 25th. The shares were 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 owns 272,124 shares of the company's stock, valued at approximately $10,136,619. This trade represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.50% of the company's stock.

Hedge Funds Weigh In On Red Violet

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Red Violet during the 4th quarter worth $232,000. Bailard Inc. bought a new stake in Red Violet in the fourth quarter worth about $243,000. SG Americas Securities LLC purchased a new position in Red Violet in the third quarter valued at about $199,000. Cubist Systematic Strategies LLC bought a new position in shares of Red Violet during the 2nd quarter valued at approximately $204,000. Finally, Bard Associates Inc. purchased a new stake in shares of Red Violet during the 4th quarter worth approximately $299,000. Hedge funds and other institutional investors own 63.56% of the company's stock.

Red Violet Company 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.