Ashford Capital Management Inc. Cuts Stock Holdings in Red Violet, Inc. (NASDAQ:RDVT)

Ashford Capital Management Inc. reduced its stake in shares of Red Violet, Inc. (NASDAQ:RDVT) by 12.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 697,251 shares of the company’s stock after selling 102,336 shares during the quarter. Red Violet comprises 3.0% of Ashford Capital Management Inc.’s portfolio, making the stock its 12th biggest holding. Ashford Capital Management Inc. owned 0.05% of Red Violet worth $25,240,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Red Violet during the 4th quarter worth approximately $88,000. Wells Fargo & Company MN boosted its stake in shares of Red Violet by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,688 shares of the company’s stock valued at $206,000 after purchasing an additional 2,089 shares during the period. Franklin Resources Inc. bought a new position in shares of Red Violet in the fourth quarter worth approximately $207,000. Hsbc Holdings PLC bought a new position in shares of Red Violet in the fourth quarter worth approximately $215,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Red Violet by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company’s stock worth $227,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Insider Activity

In related news, CEO Derek Dubner sold 10,000 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $46.21, for a total transaction of $462,100.00. Following the transaction, the chief executive officer now owns 580,379 shares in the company, valued at $26,819,313.59. The trade was a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Alan Dell sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $46.20, for a total value of $231,000.00. Following the transaction, the insider now directly owns 172,968 shares of the company’s stock, valued at $7,991,121.60. The trade was a 2.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock valued at $1,082,400. Insiders own 9.50% of the company’s stock.

Red Violet Stock Down 0.2%

NASDAQ:RDVT opened at $49.12 on Tuesday. The firm has a market capitalization of $685.52 million, a P/E ratio of 136.44 and a beta of 1.69. The company has a fifty day moving average of $39.40 and a 200 day moving average of $37.82. Red Violet, Inc. has a 52 week low of $19.76 and a 52 week high of $49.80.

About Red Violet

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.