Oppenheimer Asset Management Inc. Purchases New Stake in Red Violet, Inc. (NASDAQ:RDVT)

Oppenheimer Asset Management Inc. acquired a new position in shares of Red Violet, Inc. (NASDAQ:RDVT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,641 shares of the company’s stock, valued at approximately $397,000. Oppenheimer Asset Management Inc. owned 0.11% of Red Violet at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its holdings in shares of Red Violet by 352.9% during the first quarter. Lazard Asset Management LLC now owns 3,614 shares of the company’s stock worth $70,000 after purchasing an additional 2,816 shares during the period. Rhumbline Advisers grew its holdings in shares of Red Violet by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 14,578 shares of the company’s stock valued at $370,000 after acquiring an additional 781 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Red Violet in the fourth quarter worth $375,000. Kennedy Capital Management LLC raised its holdings in shares of Red Violet by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 24,190 shares of the company’s stock worth $473,000 after acquiring an additional 862 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Red Violet during the second quarter valued at $551,000. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Red Violet Price Performance

Shares of RDVT stock opened at $29.24 on Friday. Red Violet, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $30.47. The stock’s 50-day moving average is $27.26 and its two-hundred day moving average is $22.79. The firm has a market cap of $401.47 million, a P/E ratio of 28.67 and a beta of 1.48.

Red Violet (NASDAQ:RDVT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.09. The firm had revenue of $19.06 million for the quarter, compared to analyst estimates of $17.53 million. Red Violet had a net margin of 23.49% and a return on equity of 18.99%. As a group, research analysts expect that Red Violet, Inc. will post 0.5 EPS for the current year.

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.