Capstone Investment Advisors LLC Invests $978,000 in Red Violet, Inc. (NASDAQ:RDVT)

Capstone Investment Advisors LLC acquired a new position in shares of Red Violet, Inc. (NASDAQ:RDVT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 50,000 shares of the company’s stock, valued at approximately $978,000.

A number of other hedge funds have also modified their holdings of the business. Trigran Investments Inc. increased its stake in shares of Red Violet by 0.5% during the 4th quarter. Trigran Investments Inc. now owns 2,113,025 shares of the company’s stock worth $42,197,000 after purchasing an additional 9,761 shares in the last quarter. Ashford Capital Management Inc. increased its stake in shares of Red Violet by 1.2% during the 3rd quarter. Ashford Capital Management Inc. now owns 1,230,600 shares of the company’s stock worth $24,624,000 after purchasing an additional 15,134 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Red Violet by 58.6% during the 1st quarter. Wasatch Advisors LP now owns 663,828 shares of the company’s stock worth $12,978,000 after purchasing an additional 245,224 shares in the last quarter. Kennedy Capital Management LLC increased its stake in shares of Red Violet by 2.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 22,921 shares of the company’s stock worth $459,000 after purchasing an additional 538 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Red Violet during the 4th quarter worth approximately $375,000. 63.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on shares of Red Violet in a research note on Tuesday, March 26th. They set a “buy” rating and a $25.00 price objective for the company.

Red Violet Price Performance

RDVT stock traded down $0.22 during midday trading on Friday, hitting $24.36. The stock had a trading volume of 26,580 shares, compared to its average volume of 50,526. The firm has a market cap of $334.46 million, a PE ratio of 23.88 and a beta of 1.49. Red Violet, Inc. has a 12-month low of $16.56 and a 12-month high of $25.74. The company’s 50-day moving average price is $21.32 and its 200 day moving average price is $19.55.

Red Violet (NASDAQ:RDVT) last released its earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.06 by $0.08. The firm had revenue of $17.51 million during the quarter, compared to analysts’ expectations of $16.58 million. Red Violet had a net margin of 23.14% and a return on equity of 17.94%. As a group, sell-side analysts anticipate that Red Violet, Inc. will post 0.41 EPS for the current year.

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.