Pembroke Management LTD Has $9.49 Million Holdings in Red Violet, Inc. $RDVT

Key Points

• Pembroke Management LTD increased its holdings in Red Violet, Inc. by 740.2%, owning 252,503 shares valued at approximately $9.49 million as of the most recent quarter.
• Red Violet's stock has experienced a 52-week high of $52.24, reflecting a substantial rise, with a current price at $50.92.
• Analysts have mixed ratings on Red Violet, with an average rating of "Buy" and a target price set at $60.00, but Wall Street Zen recently downgraded it from "buy" to "hold."

Pembroke Management LTD boosted its holdings in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 740.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 252,503 shares of the company's stock after acquiring an additional 222,451 shares during the quarter. Pembroke Management LTD owned 1.81% of Red Violet worth $9,492,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in shares of Red Violet by 2.5% during the 1st quarter. Rhumbline Advisers now owns 16,304 shares of the company's stock valued at $613,000 after buying an additional 393 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Red Violet by 3,125.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company's stock valued at $39,000 after buying an additional 1,000 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Red Violet by 80.7% during the 4th quarter. Deutsche Bank AG now owns 11,361 shares of the company's stock valued at $411,000 after buying an additional 5,073 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Red Violet by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company's stock valued at $227,000 after buying an additional 259 shares during the last quarter. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Red Violet Stock Performance

Shares of RDVT stock opened at $50.92 on Friday. The stock's 50 day simple moving average is $46.24 and its 200 day simple moving average is $43.06. Red Violet, Inc. has a twelve month low of $25.37 and a twelve month high of $52.24. The company has a market capitalization of $711.86 million, a price-to-earnings ratio of 84.87 and a beta of 1.82.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RDVT shares. Wall Street Zen lowered Red Violet from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Lake Street Capital started coverage on Red Violet in a report on Monday, August 4th. They set a "buy" rating and a $60.00 price target for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $60.00.

About Red Violet

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.

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