Y Intercept Hong Kong Ltd Buys 37,653 Shares of Red Violet, Inc. $RDVT

Y Intercept Hong Kong Ltd increased its stake in Red Violet, Inc. (NASDAQ:RDVT) by 182.9% in the 1st quarter, Holdings Channel reports. The fund owned 58,240 shares of the company’s stock after buying an additional 37,653 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Red Violet were worth $2,015,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RDVT. State of Wyoming boosted its holdings in shares of Red Violet by 5.4% in the 4th quarter. State of Wyoming now owns 5,430 shares of the company’s stock worth $309,000 after purchasing an additional 279 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Red Violet by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,586 shares of the company’s stock worth $248,000 after buying an additional 312 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Red Violet by 145.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 567 shares of the company’s stock valued at $32,000 after purchasing an additional 336 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Red Violet by 414.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 468 shares of the company’s stock valued at $27,000 after buying an additional 377 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Red Violet by 4.9% during the fourth quarter. Deutsche Bank AG now owns 9,116 shares of the company’s stock valued at $519,000 after acquiring an additional 426 shares during the last quarter. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Insider Buying and Selling

In other Red Violet news, CEO Derek Dubner sold 12,000 shares of Red Violet stock in a transaction on Monday, June 1st. The stock was sold at an average price of $57.43, for a total transaction of $689,160.00. Following the completion of the transaction, the chief executive officer owned 557,273 shares in the company, valued at approximately $32,004,188.39. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel Maclachlan sold 12,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $57.43, for a total value of $689,160.00. Following the completion of the sale, the chief financial officer directly owned 358,902 shares in the company, valued at $20,611,741.86. This trade represents a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 46,000 shares of company stock valued at $2,641,880. 8.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Zacks Research cut shares of Red Violet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Red Violet in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of Red Violet from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.00.

Red Violet Price Performance

NASDAQ:RDVT opened at $66.17 on Thursday. The firm’s 50-day moving average price is $53.48 and its 200-day moving average price is $47.43. The company has a market capitalization of $933.66 million, a PE ratio of 68.93 and a beta of 1.83. Red Violet, Inc. has a 1-year low of $33.40 and a 1-year high of $69.59.

Red Violet (NASDAQ:RDVT) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. The company had revenue of $25.83 million during the quarter, compared to analysts’ expectations of $24.63 million. Red Violet had a net margin of 14.99% and a return on equity of 14.30%. Equities analysts anticipate that Red Violet, Inc. will post 1.06 EPS for the current fiscal year.

About Red Violet

Red Violet, Inc (NASDAQ: RDVT) is a provider of advanced data, analytics and technology solutions designed to help organizations mitigate financial crime, fraud and security risks. The company’s cloud-native platform consolidates and enriches data from proprietary, public and third-party sources, applying artificial intelligence and machine learning to deliver insights across the risk-management lifecycle. Red Violet’s suite of services includes behavior-based transaction monitoring, automated watchlist and negative-news screening, enhanced due diligence and real-time geospatial threat intelligence.

Leveraging proprietary algorithms, Red Violet offers products that enable compliance teams to streamline anti-money laundering processes, improve fraud detection and respond swiftly to emerging threats.