Precision Wealth Strategies LLC Takes $916,000 Position in Red Violet, Inc. $RDVT

Precision Wealth Strategies LLC acquired a new position in Red Violet, Inc. (NASDAQ:RDVT) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 18,609 shares of the company’s stock, valued at approximately $916,000.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Red Violet by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,586 shares of the company’s stock worth $248,000 after purchasing an additional 312 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Red Violet by 2.5% during the first quarter. Rhumbline Advisers now owns 16,304 shares of the company’s stock worth $613,000 after purchasing an additional 393 shares during the last quarter. Fifth Third Bancorp acquired a new position in Red Violet in the second quarter worth about $25,000. Bard Associates Inc. grew its stake in Red Violet by 6.7% in the first quarter. Bard Associates Inc. now owns 8,822 shares of the company’s stock worth $332,000 after purchasing an additional 554 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Red Violet by 3,125.0% in the first quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company’s stock valued at $39,000 after buying an additional 1,000 shares during the last quarter. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Red Violet Price Performance

NASDAQ:RDVT opened at $52.90 on Thursday. The firm has a market capitalization of $739.54 million, a P/E ratio of 88.17 and a beta of 1.70. The business has a 50 day simple moving average of $47.60 and a 200 day simple moving average of $45.00. Red Violet, Inc. has a 12-month low of $25.37 and a 12-month high of $54.19.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RDVT shares. Wall Street Zen raised Red Violet from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Lake Street Capital assumed coverage on shares of Red Violet in a report on Monday, August 4th. They set a “buy” rating and a $60.00 target price on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Red Violet currently has an average rating of “Buy” and a consensus target price of $60.00.

Red Violet 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.