Red Violet, Inc. $RDVT Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its position in shares of Red Violet, Inc. (NASDAQ:RDVT) by 46.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,688 shares of the company’s stock after purchasing an additional 39,229 shares during the period. Kennedy Capital Management LLC owned approximately 0.88% of Red Violet worth $7,044,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in RDVT. AQR Capital Management LLC acquired a new position in Red Violet during the first quarter worth $3,826,000. Wasatch Advisors LP lifted its stake in Red Violet by 10.4% during the third quarter. Wasatch Advisors LP now owns 888,857 shares of the company’s stock worth $46,443,000 after purchasing an additional 83,831 shares in the last quarter. Millennium Management LLC lifted its stake in Red Violet by 195.4% during the third quarter. Millennium Management LLC now owns 99,273 shares of the company’s stock worth $5,187,000 after purchasing an additional 65,666 shares in the last quarter. Marshall Wace LLP increased its position in shares of Red Violet by 60.9% during the second quarter. Marshall Wace LLP now owns 152,738 shares of the company’s stock worth $7,515,000 after acquiring an additional 57,809 shares during the period. Finally, Squarepoint Ops LLC increased its position in shares of Red Violet by 123.5% during the third quarter. Squarepoint Ops LLC now owns 80,623 shares of the company’s stock worth $4,213,000 after acquiring an additional 44,549 shares during the period. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RDVT. Wall Street Zen lowered Red Violet from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Red Violet in a research report on Friday, May 8th. Finally, Zacks Research lowered Red Violet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Red Violet has an average rating of “Moderate Buy” and an average target price of $62.00.

Red Violet Trading Up 1.0%

Red Violet stock opened at $55.54 on Tuesday. Red Violet, Inc. has a twelve month low of $33.40 and a twelve month high of $64.14. The stock’s fifty day simple moving average is $45.89 and its 200-day simple moving average is $46.72. The firm has a market capitalization of $783.67 million, a P/E ratio of 57.85 and a beta of 1.85.

Red Violet (NASDAQ:RDVT) last posted its earnings results on Wednesday, May 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.32 by $0.14. The firm had revenue of $25.83 million for the quarter, compared to analyst estimates of $24.63 million. Red Violet had a return on equity of 14.30% and a net margin of 14.99%. Sell-side analysts predict that Red Violet, Inc. will post 1.06 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Derek Dubner sold 12,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $57.43, for a total value of $689,160.00. Following the transaction, the chief executive officer owned 557,273 shares of the company’s stock, valued at $32,004,188.39. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey Alan Dell sold 10,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $57.44, for a total value of $574,400.00. Following the completion of the transaction, the insider directly owned 155,889 shares in the company, valued at $8,954,264.16. This trade represents a 6.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 46,000 shares of company stock worth $2,641,880. 8.90% of the stock is owned by corporate insiders.

Red Violet Company Profile

Red Violet, Inc (NASDAQ: RDVT) is a provider of advanced data, analytics and technology solutions designed to help organizations mitigate financial crime, fraud and security risks. The company’s cloud-native platform consolidates and enriches data from proprietary, public and third-party sources, applying artificial intelligence and machine learning to deliver insights across the risk-management lifecycle. Red Violet’s suite of services includes behavior-based transaction monitoring, automated watchlist and negative-news screening, enhanced due diligence and real-time geospatial threat intelligence.

Leveraging proprietary algorithms, Red Violet offers products that enable compliance teams to streamline anti-money laundering processes, improve fraud detection and respond swiftly to emerging threats.