Annex Advisory Services LLC Has $2.39 Million Stock Position in Red Violet, Inc. (NASDAQ:RDVT)

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

Several other hedge funds have also added to or reduced their stakes in RDVT. SG Americas Securities LLC raised its stake in Red Violet by 14.3% during the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock worth $289,000 after buying an additional 998 shares during the period. Calamos Advisors LLC bought a new position in Red Violet during the 4th quarter worth about $566,000. White Pine Capital LLC bought a new position in Red Violet during the 4th quarter worth about $381,000. Pembroke Management LTD increased its holdings in Red Violet by 125.1% during the 4th quarter. Pembroke Management LTD now owns 30,052 shares of the company's stock worth $1,088,000 after purchasing an additional 16,703 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Red Violet by 3.2% during the 4th quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company's stock worth $1,235,000 after purchasing an additional 1,068 shares in the last quarter. Institutional investors and hedge funds own 63.56% of the company's stock.

Red Violet Price Performance

RDVT stock traded up $0.30 during trading hours on Thursday, reaching $46.33. 76,949 shares of the stock were exchanged, compared to its average volume of 76,589. The firm's 50-day moving average is $42.09 and its 200-day moving average is $39.13. The company has a market cap of $646.58 million, a price-to-earnings ratio of 128.69 and a beta of 1.69. Red Violet, Inc. has a 12 month low of $20.61 and a 12 month high of $51.10.

Insiders Place Their Bets

In other Red Violet news, CEO Derek Dubner sold 10,000 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $46.21, for a total transaction of $462,100.00. Following the completion of the transaction, the chief executive officer now owns 580,379 shares in the company, valued at approximately $26,819,313.59. This represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Alan Dell sold 5,000 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $46.20, for a total value of $231,000.00. Following the completion of the transaction, the insider now owns 172,968 shares of the company's stock, valued at $7,991,121.60. The trade was a 2.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,000 shares of company stock worth $1,082,400. Corporate insiders own 9.50% of the company's stock.

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.