Red Violet, Inc. (NASDAQ:RDVT) Stake Reduced by Ancora Advisors LLC

Ancora Advisors LLC decreased its position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 39.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,357 shares of the company's stock after selling 50,840 shares during the quarter. Ancora Advisors LLC owned 0.56% of Red Violet worth $2,800,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RDVT. Quantbot Technologies LP bought a new position in Red Violet in the fourth quarter worth about $88,000. Wells Fargo & Company MN raised its position in shares of Red Violet by 58.0% during 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 period. Franklin Resources Inc. bought a new stake in shares of Red Violet in the 4th quarter worth approximately $207,000. Hsbc Holdings PLC bought a new stake in shares of Red Violet in the 4th quarter worth approximately $215,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Red Violet during the 4th quarter valued at approximately $232,000. Institutional investors and hedge funds own 63.56% of the company's stock.

Red Violet Stock Down 1.8 %

NASDAQ RDVT traded down $0.84 during trading hours on Friday, hitting $45.78. The company had a trading volume of 127,947 shares, compared to its average volume of 69,613. Red Violet, Inc. has a fifty-two week low of $19.41 and a fifty-two week high of $47.23. The firm has a market cap of $638.68 million, a P/E ratio of 127.17 and a beta of 1.69. The business has a fifty day simple moving average of $37.83 and a 200-day simple moving average of $36.81.

Insider Activity at Red Violet

In other Red Violet news, Director Steven D. Rubin sold 10,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total value of $389,300.00. Following the completion of the transaction, the director now owns 141,138 shares in the company, valued at approximately $5,494,502.34. This represents a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.50% of the stock is currently owned by 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.