Red Violet (NASDAQ:RDVT) Sets New 52-Week High – Here’s What Happened

Red Violet, Inc. (NASDAQ:RDVT) reached a new 52-week high during trading on Thursday . The company traded as high as $36.70 and last traded at $36.32, with a volume of 77287 shares. The stock had previously closed at $35.01.

Red Violet Stock Up 4.3 %

The firm has a fifty day moving average price of $30.04 and a two-hundred day moving average price of $26.37. The stock has a market capitalization of $525.54 million, a P/E ratio of 105.86 and a beta of 1.46.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Barclays PLC raised its holdings in Red Violet by 240.7% in the 3rd quarter. Barclays PLC now owns 18,502 shares of the company’s stock worth $526,000 after acquiring an additional 13,072 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Red Violet by 1.2% during the third quarter. Geode Capital Management LLC now owns 256,418 shares of the company’s stock valued at $7,297,000 after purchasing an additional 3,009 shares in the last quarter. State Street Corp increased its holdings in Red Violet by 5.7% in the 3rd quarter. State Street Corp now owns 188,993 shares of the company’s stock worth $5,377,000 after buying an additional 10,199 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Red Violet by 4.3% during the 3rd quarter. Janus Henderson Group PLC now owns 24,305 shares of the company’s stock valued at $691,000 after acquiring an additional 992 shares during the period. Finally, PDT Partners LLC purchased a new stake in shares of Red Violet during the 3rd quarter valued at about $325,000. 63.56% of the stock is owned by hedge funds and other institutional investors.

Red Violet Company 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.