Red Violet, Inc. (NASDAQ:RDVT) Stake Boosted by Rhumbline Advisers

Rhumbline Advisers raised its stake in Red Violet, Inc. (NASDAQ:RDVT) by 5.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 14,578 shares of the company’s stock after buying an additional 781 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of Red Violet worth $370,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its holdings in shares of Red Violet by 58.6% during the first quarter. Wasatch Advisors LP now owns 663,828 shares of the company’s stock valued at $12,978,000 after purchasing an additional 245,224 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of Red Violet during the first quarter valued at $978,000. Quadrature Capital Ltd acquired a new position in shares of Red Violet during the fourth quarter valued at $375,000. Legato Capital Management LLC acquired a new position in Red Violet during the second quarter worth about $595,000. Finally, Lazard Asset Management LLC grew its holdings in Red Violet by 352.9% during the first 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. 63.56% of the stock is currently owned by institutional investors.

Red Violet Stock Down 1.5 %

NASDAQ:RDVT opened at $28.51 on Friday. The business’s 50-day moving average price is $27.52 and its 200 day moving average price is $23.07. The firm has a market cap of $391.47 million, a P/E ratio of 27.95 and a beta of 1.48. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $30.47.

Red Violet (NASDAQ:RDVT) last released its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. The firm had revenue of $19.06 million for the quarter, compared to analyst estimates of $17.53 million. Red Violet had a return on equity of 18.99% and a net margin of 23.49%. Sell-side analysts expect that Red Violet, Inc. will post 0.5 EPS for the current year.

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.