Ancora Advisors LLC Sells 39,266 Shares of Red Violet, Inc. $RDVT

Key Points

• Ancora Advisors LLC drastically reduced its holdings in Red Violet, Inc. by 50.8%, now owning approximately 0.27% of the company, valued at $1.43 million.
• Several institutional investors have significantly increased their positions, with Pembroke Management LTD boosting its holdings by 740.2%, acquiring over 252,000 shares worth nearly $9.5 million.
• Analysts have a consensus rating of "Buy" for Red Violet, Inc., with a recent target price set at $60.00 by Lake Street Capital.

Ancora Advisors LLC reduced its position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 50.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,091 shares of the company's stock after selling 39,266 shares during the quarter. Ancora Advisors LLC owned 0.27% of Red Violet worth $1,432,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rhumbline Advisers grew its stake in shares of Red Violet by 2.5% during the first 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 grew its position in Red Violet by 206,650.0% in the 1st quarter. GAMMA Investing LLC now owns 4,135 shares of the company's stock valued at $155,000 after acquiring an additional 4,133 shares during the last quarter. Nisa Investment Advisors LLC increased its stake 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 worth $39,000 after purchasing an additional 1,000 shares during the period. Deutsche Bank AG increased its stake in Red Violet by 80.7% in the fourth quarter. Deutsche Bank AG now owns 11,361 shares of the company's stock worth $411,000 after purchasing an additional 5,073 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Red Violet by 4.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company's stock worth $227,000 after purchasing an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 63.56% of the company's stock.

Analyst Upgrades and Downgrades

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

Red Violet Price Performance

NASDAQ RDVT traded up $0.14 during trading on Tuesday, reaching $51.27. 81,005 shares of the company's stock traded hands, compared to its average volume of 102,548. The firm has a market cap of $716.75 million, a price-to-earnings ratio of 85.45 and a beta of 1.72. The company's 50 day simple moving average is $46.43 and its two-hundred day simple moving average is $43.54. Red Violet, Inc. has a 12-month low of $25.37 and a 12-month high of $54.19.

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.