Ashford Capital Management Inc. Cuts Position in Red Violet, Inc. (NASDAQ:RDVT)

Ashford Capital Management Inc. lowered its position in Red Violet, Inc. (NASDAQ:RDVT) by 16.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 799,587 shares of the company’s stock after selling 154,730 shares during the quarter. Red Violet makes up about 2.8% of Ashford Capital Management Inc.’s holdings, making the stock its 13th biggest holding. Ashford Capital Management Inc. owned about 5.80% of Red Violet worth $22,748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RDVT. SG Americas Securities LLC purchased a new stake in shares of Red Violet during the 3rd quarter worth $199,000. Cubist Systematic Strategies LLC purchased a new stake in Red Violet during the 2nd quarter worth about $204,000. PDT Partners LLC acquired a new position in shares of Red Violet during the 3rd quarter worth about $325,000. BNP Paribas Financial Markets increased its holdings in shares of Red Violet by 157.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock valued at $330,000 after acquiring an additional 7,108 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Red Violet by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 14,578 shares of the company’s stock worth $370,000 after acquiring an additional 781 shares in the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

Red Violet Stock Down 3.4 %

Shares of RDVT opened at $37.40 on Tuesday. The company has a market capitalization of $515.75 million, a price-to-earnings ratio of 103.89 and a beta of 1.49. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $39.27. The stock has a 50 day moving average price of $32.05 and a 200 day moving average price of $27.93.

Insider Activity

In other news, Director Peter Benz sold 22,300 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total value of $834,689.00. Following the completion of the sale, the director now directly owns 80,766 shares of the company’s stock, valued at approximately $3,023,071.38. This represents a 21.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President James Patrick Reilly sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $37.25, for a total transaction of $372,500.00. Following the transaction, the president now owns 272,124 shares in the company, valued at approximately $10,136,619. This trade represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.50% of the company’s stock.

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.