Hennion & Walsh Asset Management Inc. Invests $232,000 in Red Violet, Inc. (NASDAQ:RDVT)

Hennion & Walsh Asset Management Inc. acquired a new position in shares of Red Violet, Inc. (NASDAQ:RDVT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,405 shares of the company’s stock, valued at approximately $232,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Red Violet during the third quarter worth approximately $199,000. Cubist Systematic Strategies LLC acquired a new position in Red Violet during the 2nd quarter valued at $204,000. PDT Partners LLC acquired a new position in Red Violet during the 3rd quarter valued at $325,000. BNP Paribas Financial Markets boosted its holdings in Red Violet by 157.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock valued at $330,000 after purchasing an additional 7,108 shares during the period. Finally, Pembroke Management LTD acquired a new stake in Red Violet in the 3rd quarter worth $380,000. Institutional investors own 63.56% of the company’s stock.

Insiders Place Their Bets

In other news, President James Patrick Reilly sold 10,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $37.25, for a total value of $372,500.00. Following the completion of the transaction, the president now owns 272,124 shares in the company, valued at approximately $10,136,619. This represents a 3.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Benz sold 22,300 shares of Red Violet stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total transaction of $834,689.00. Following the sale, the director now owns 80,766 shares in the company, valued at approximately $3,023,071.38. This trade represents a 21.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

Red Violet Stock Performance

NASDAQ:RDVT opened at $35.64 on Wednesday. The firm’s 50-day moving average is $36.40 and its 200-day moving average is $30.89. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $39.88. The company has a market cap of $491.55 million, a price-to-earnings ratio of 99.00 and a beta of 1.48.

Red Violet Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, January 31st.

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.