Red Violet, Inc. (NASDAQ:RDVT) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its stake in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 65.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 34,518 shares of the company's stock after acquiring 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.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position 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 valued at $889,000 after buying an additional 16,661 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Red Violet by 14.3% in the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock valued at $289,000 after buying an additional 998 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Red Violet in the fourth quarter valued at about $232,000. Ellsworth Advisors LLC acquired a new stake in shares of Red Violet in the fourth quarter valued at about $619,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Red Violet by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,083 shares of the company's stock valued at $1,161,000 after buying an additional 1,181 shares during the last quarter. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 transaction of $231,000.00. Following the completion of the sale, the insider now directly owns 172,968 shares in the company, valued at approximately $7,991,121.60. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven D. Rubin sold 10,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total transaction of $389,300.00. Following the sale, the director now owns 141,138 shares of the company's stock, valued at approximately $5,494,502.34. The trade was a 6.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $1,082,400 over the last three months. Insiders own 9.50% of the company's stock.

Red Violet Stock Down 0.2%

Shares of NASDAQ RDVT opened at $49.12 on Tuesday. The firm has a 50-day simple moving average of $39.40 and a 200-day simple moving average of $37.82. The stock has a market capitalization of $685.52 million, a price-to-earnings ratio of 136.44 and a beta of 1.69. Red Violet, Inc. has a 52 week low of $19.76 and a 52 week high of $49.80.

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.

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