Ashford Capital Management Inc. Sells 102,336 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Ashford Capital Management Inc. cut its holdings in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 697,251 shares of the company's stock after selling 102,336 shares during the period. Red Violet makes up 3.0% of Ashford Capital Management Inc.'s portfolio, making the stock its 12th largest position. Ashford Capital Management Inc. owned 5.06% of Red Violet worth $25,240,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of Red Violet by 114.3% in the third quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company's stock worth $889,000 after buying an additional 16,661 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in Red Violet during the 4th quarter worth approximately $232,000. Annex Advisory Services LLC purchased a new position in Red Violet in the 4th quarter worth approximately $1,080,000. Ellsworth Advisors LLC bought a new stake in Red Violet in the fourth quarter valued at approximately $619,000. Finally, SG Americas Securities LLC boosted its stake in shares of Red Violet by 14.3% during the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock valued at $289,000 after purchasing an additional 998 shares during the period. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

Red Violet Stock Down 1.7%

Shares of Red Violet stock traded down $0.83 on Friday, hitting $49.28. The stock had a trading volume of 118,523 shares, compared to its average volume of 72,819. Red Violet, Inc. has a one year low of $20.30 and a one year high of $51.10. The stock's 50-day simple moving average is $40.35 and its two-hundred day simple moving average is $38.28. The stock has a market cap of $687.75 million, a price-to-earnings ratio of 136.89 and a beta of 1.69.

Insider Buying and Selling at Red Violet

In other Red Violet news, CEO Derek Dubner sold 10,000 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $26,819,313.59. This represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey Alan Dell sold 5,000 shares of Red Violet stock in a transaction that occurred 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 completion of the sale, the insider now owns 172,968 shares in the company, valued at approximately $7,991,121.60. This represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $1,082,400 in the last quarter. Company insiders own 9.50% of the company's stock.

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.