Los Angeles Capital Management LLC Has $1.60 Million Stake in Red Violet, Inc. (NASDAQ:RDVT)

Los Angeles Capital Management LLC boosted its holdings in shares of Red Violet, Inc. (NASDAQ:RDVT) by 158.3% during the third quarter, Holdings Channel reports. The institutional investor owned 56,050 shares of the company’s stock after acquiring an additional 34,348 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Red Violet were worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of RDVT. Lazard Asset Management LLC lifted its holdings in shares of Red Violet by 352.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,614 shares of the company’s stock worth $70,000 after acquiring an additional 2,816 shares during the period. SG Americas Securities LLC acquired a new position in Red Violet in the third quarter worth about $199,000. Cubist Systematic Strategies LLC bought a new position in Red Violet during the second quarter worth about $204,000. Rhumbline Advisers boosted its holdings in Red Violet by 5.7% during the second quarter. Rhumbline Advisers now owns 14,578 shares of the company’s stock valued at $370,000 after purchasing an additional 781 shares in the last quarter. Finally, Pembroke Management LTD bought a new stake in shares of Red Violet in the 3rd quarter valued at approximately $380,000. Institutional investors own 63.56% of the company’s stock.

Red Violet Price Performance

Red Violet stock opened at $34.42 on Thursday. The business has a 50 day simple moving average of $29.32 and a 200 day simple moving average of $25.71. The company has a market capitalization of $474.72 million, a PE ratio of 95.61 and a beta of 1.46. Red Violet, Inc. has a one year low of $16.56 and a one year high of $35.74.

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.