Los Angeles Capital Management LLC Boosts Position in Red Violet, Inc. (NASDAQ:RDVT)

Los Angeles Capital Management LLC raised its holdings in shares of Red Violet, Inc. (NASDAQ:RDVT) by 23.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,464 shares of the company’s stock after acquiring an additional 13,414 shares during the period. Los Angeles Capital Management LLC’s holdings in Red Violet were worth $2,515,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Hennion & Walsh Asset Management Inc. acquired a new position in Red Violet in the 4th quarter worth about $232,000. SG Americas Securities LLC boosted its position in shares of Red Violet by 14.3% during the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock worth $289,000 after buying an additional 998 shares during the period. White Pine Capital LLC purchased a new stake in Red Violet during the 4th quarter worth approximately $381,000. PDT Partners LLC acquired a new stake in Red Violet in the 3rd quarter valued at about $325,000. Finally, BNP Paribas Financial Markets raised its stake in Red Violet by 157.8% in the third quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock valued at $330,000 after buying an additional 7,108 shares in the last quarter. 63.56% of the stock is owned by hedge funds and other institutional investors.

Red Violet Trading Down 3.4 %

Shares of NASDAQ:RDVT opened at $38.02 on Friday. Red Violet, Inc. has a twelve month low of $16.56 and a twelve month high of $43.44. The company has a market capitalization of $524.37 million, a PE ratio of 105.61 and a beta of 1.49. The firm has a 50 day simple moving average of $37.36 and a 200-day simple moving average of $33.34.

Red Violet Dividend Announcement

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 was Friday, January 31st.

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.