Annex Advisory Services LLC Purchases 33,768 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Annex Advisory Services LLC raised its position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 113.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,613 shares of the company's stock after acquiring an additional 33,768 shares during the period. Annex Advisory Services LLC owned approximately 0.46% of Red Violet worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of RDVT. Quantbot Technologies LP purchased a new stake in shares of Red Violet during the 4th quarter worth approximately $88,000. GAMMA Investing LLC raised its holdings in Red Violet by 206,650.0% during the 1st quarter. GAMMA Investing LLC now owns 4,135 shares of the company's stock valued at $155,000 after buying an additional 4,133 shares during the period. Wells Fargo & Company MN raised its holdings in Red Violet by 58.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,688 shares of the company's stock valued at $206,000 after buying an additional 2,089 shares during the period. Franklin Resources Inc. purchased a new stake in Red Violet during the 4th quarter valued at $207,000. Finally, Hsbc Holdings PLC purchased a new stake in Red Violet during the 4th quarter valued at $215,000. 63.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Red Violet

In other Red Violet news, insider Jeffrey Alan Dell sold 5,000 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $46.20, for a total value of $231,000.00. Following the sale, the insider now owns 172,968 shares in the company, valued at $7,991,121.60. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven D. Rubin sold 10,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total value of $389,300.00. Following the completion of the sale, the director now owns 141,138 shares in the company, valued at approximately $5,494,502.34. The trade was a 6.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock worth $1,082,400. Company insiders own 8.90% of the company's stock.

Red Violet Trading Down 1.5%

NASDAQ:RDVT traded down $0.69 during midday trading on Friday, hitting $45.64. 84,393 shares of the company traded hands, compared to its average volume of 77,083. The firm's fifty day moving average is $42.22 and its 200-day moving average is $39.25. Red Violet, Inc. has a 12-month low of $20.61 and a 12-month high of $51.10. The firm has a market capitalization of $636.95 million, a P/E ratio of 126.78 and a beta of 1.78.

Red Violet Company 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.