Lazard Asset Management LLC Buys 13,631 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Lazard Asset Management LLC grew its position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 65.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,518 shares of the company's stock after purchasing an additional 13,631 shares during the period. Lazard Asset Management LLC owned about 0.25% of Red Violet worth $1,249,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RDVT. Quantbot Technologies LP acquired a new position in Red Violet in the 4th quarter worth about $88,000. Wells Fargo & Company MN increased its position in Red Violet by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,688 shares of the company's stock worth $206,000 after purchasing an additional 2,089 shares during the last quarter. Franklin Resources Inc. acquired a new position in Red Violet in the 4th quarter worth about $207,000. Hsbc Holdings PLC acquired a new position in Red Violet in the 4th quarter worth about $215,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Red Violet in the 4th quarter worth about $232,000. 63.56% of the stock is owned by institutional investors and hedge funds.

Red Violet Trading Down 1.7%

RDVT stock traded down $0.83 during mid-day trading 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 1-year low of $20.30 and a 1-year high of $51.10. The company has a fifty day moving average of $40.35 and a 200 day moving average of $38.31. The stock has a market capitalization of $687.75 million, a price-to-earnings ratio of 136.89 and a beta of 1.69.

Insider Activity at Red Violet

In related news, Director Steven D. Rubin sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total transaction of $389,300.00. Following the completion of the transaction, the director now owns 141,138 shares in the company, valued at $5,494,502.34. This trade represents a 6.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Alan Dell sold 5,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $46.20, for a total value of $231,000.00. Following the sale, the insider now directly owns 172,968 shares of the company's stock, valued at $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 a total of 25,000 shares of company stock worth $1,082,400 in the last 90 days. 9.50% of the stock is owned by company insiders.

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.