Ashford Capital Management Inc. Reduces Holdings in Red Violet, Inc. $RDVT

Key Points

• Ashford Capital Management Inc. reduced its stock holdings in Red Violet, Inc. by 16.0%, owning 585,904 shares after selling 111,347 shares in the first quarter.
• Red Violet, Inc. has a current market cap of $702.36 million and its stock is currently down 1.3%.
• Analysts have a consensus rating of "Buy" for Red Violet, with a target price of $60.00.

Ashford Capital Management Inc. decreased its position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 16.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 585,904 shares of the company's stock after selling 111,347 shares during the quarter. Red Violet makes up 2.8% of Ashford Capital Management Inc.'s portfolio, making the stock its 13th biggest holding. Ashford Capital Management Inc. owned 4.20% of Red Violet worth $22,024,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RDVT. Nisa Investment Advisors LLC lifted its holdings in Red Violet by 3,125.0% in the first quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company's stock valued at $39,000 after acquiring an additional 1,000 shares during the period. AlphaQuest LLC bought a new position in Red Violet in the first quarter valued at about $129,000. Quantbot Technologies LP lifted its holdings in Red Violet by 66.4% in the first quarter. Quantbot Technologies LP now owns 4,046 shares of the company's stock valued at $152,000 after acquiring an additional 1,615 shares during the period. GAMMA Investing LLC raised its stake in shares of Red Violet by 206,650.0% in the first quarter. GAMMA Investing LLC now owns 4,135 shares of the company's stock worth $155,000 after buying an additional 4,133 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Red Violet by 58.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,688 shares of the company's stock worth $206,000 after buying an additional 2,089 shares during the period. Institutional investors own 63.56% of the company's stock.

Red Violet Trading Up 0.9%

Shares of RDVT stock traded up $0.45 on Thursday, reaching $49.33. The company's stock had a trading volume of 19,006 shares, compared to its average volume of 101,831. The stock's fifty day simple moving average is $46.36 and its 200-day simple moving average is $43.29. Red Violet, Inc. has a 1 year low of $25.37 and a 1 year high of $52.24. The company has a market capitalization of $689.63 million, a price-to-earnings ratio of 82.16 and a beta of 1.72.

Wall Street Analyst Weigh In

RDVT has been the topic of a number of research analyst reports. Wall Street Zen raised Red Violet from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Lake Street Capital began coverage on shares of Red Violet in a research report on Monday, August 4th. They set a "buy" rating and a $60.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Red Violet has a consensus rating of "Buy" and an average price target of $60.00.

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.