Red Violet (NASDAQ:RDVT) Hits New 12-Month High – Here’s Why

Red Violet, Inc. (NASDAQ:RDVT)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $36.70 and last traded at $36.32, with a volume of 77287 shares traded. The stock had previously closed at $35.01.

Red Violet Price Performance

The business has a 50 day moving average price of $30.04 and a two-hundred day moving average price of $26.37. The stock has a market cap of $525.54 million, a PE ratio of 105.86 and a beta of 1.46.

Institutional Trading of Red Violet

A number of institutional investors have recently modified their holdings of RDVT. Quadrature Capital Ltd lifted its holdings in Red Violet by 3.7% in the 1st quarter. Quadrature Capital Ltd now owns 19,480 shares of the company’s stock worth $383,000 after buying an additional 702 shares during the period. Rhumbline Advisers increased its position in Red Violet by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 14,578 shares of the company’s stock valued at $370,000 after purchasing an additional 781 shares during the period. Kennedy Capital Management LLC raised 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 worth $473,000 after purchasing an additional 862 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Red Violet by 4.3% during the 3rd quarter. Janus Henderson Group PLC now owns 24,305 shares of the company’s stock valued at $691,000 after purchasing an additional 992 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Red Violet by 352.9% during the first 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. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

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.