Hennion & Walsh Asset Management Inc. Invests $232,000 in Red Violet, Inc. (NASDAQ:RDVT)

Hennion & Walsh Asset Management Inc. purchased a new stake in Red Violet, Inc. (NASDAQ:RDVT) in the fourth quarter, Holdings Channel.com reports. The firm purchased 6,405 shares of the company’s stock, valued at approximately $232,000.

A number of other institutional investors have also made changes to their positions in RDVT. Geode Capital Management LLC grew its holdings in Red Violet by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 256,418 shares of the company’s stock worth $7,297,000 after acquiring an additional 3,009 shares during the last quarter. State Street Corp grew its stake in shares of Red Violet by 5.7% during the third quarter. State Street Corp now owns 188,993 shares of the company’s stock valued at $5,377,000 after purchasing an additional 10,199 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Red Violet by 16.0% during the second quarter. Dimensional Fund Advisors LP now owns 86,511 shares of the company’s stock valued at $2,196,000 after purchasing an additional 11,964 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Red Violet by 323.4% in the second quarter. Marshall Wace LLP now owns 56,561 shares of the company’s stock valued at $1,437,000 after purchasing an additional 43,203 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in Red Violet by 158.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company’s stock worth $1,595,000 after purchasing an additional 34,348 shares during the last quarter. 63.56% of the stock is owned by institutional investors.

Red Violet Stock Performance

Shares of RDVT opened at $35.64 on Wednesday. The business’s fifty day moving average price is $36.40 and its two-hundred day moving average price is $30.89. The firm has a market capitalization of $491.55 million, a price-to-earnings ratio of 99.00 and a beta of 1.48. Red Violet, Inc. has a 52 week low of $16.56 and a 52 week high of $39.88.

Red Violet Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.30 dividend. The ex-dividend date is Friday, January 31st.

Insider Activity at Red Violet

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

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.