Bard Associates Inc. Makes New Investment in Red Violet, Inc. (NASDAQ:RDVT)

Bard Associates Inc. acquired a new position in shares of Red Violet, Inc. (NASDAQ:RDVT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,268 shares of the company’s stock, valued at approximately $299,000.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Red Violet by 114.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company’s stock worth $889,000 after buying an additional 16,661 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of Red Violet by 202.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock worth $916,000 after buying an additional 16,951 shares during the last quarter. Barclays PLC boosted its stake in shares of Red Violet by 240.7% during the 3rd quarter. Barclays PLC now owns 18,502 shares of the company’s stock worth $526,000 after buying an additional 13,072 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Red Violet by 14.3% during the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock worth $289,000 after buying an additional 998 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Red Violet during the 4th quarter worth about $232,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Red Violet Price Performance

Red Violet stock opened at $39.93 on Tuesday. The firm has a 50-day moving average of $37.49 and a 200-day moving average of $33.66. Red Violet, Inc. has a one year low of $16.56 and a one year high of $43.44. The company has a market cap of $550.71 million, a price-to-earnings ratio of 110.92 and a beta of 1.49.

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.