Knights of Columbus Asset Advisors LLC Sells 13,338 Shares of Red Violet, Inc. $RDVT

Knights of Columbus Asset Advisors LLC lessened its stake in Red Violet, Inc. (NASDAQ:RDVT) by 33.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,055 shares of the company’s stock after selling 13,338 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.17% of Red Violet worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Red Violet during the second quarter valued at about $60,582,000. Ashford Capital Management Inc. raised its stake in shares of Red Violet by 13.9% during the 1st quarter. Ashford Capital Management Inc. now owns 686,816 shares of the company’s stock worth $23,764,000 after acquiring an additional 83,998 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Red Violet by 18.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 206,698 shares of the company’s stock worth $7,151,000 after acquiring an additional 32,189 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Red Violet by 16.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 164,818 shares of the company’s stock worth $5,703,000 after acquiring an additional 23,816 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Red Violet by 581.8% during the first quarter. Renaissance Technologies LLC now owns 113,450 shares of the company’s stock valued at $3,925,000 after acquiring an additional 96,810 shares during the last quarter. 63.56% of the stock is currently owned by institutional investors.

Red Violet Stock Up 2.5%

Shares of Red Violet stock opened at $75.14 on Thursday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 60.07 and a beta of 1.73. The company has a 50 day moving average price of $77.15 and a 200 day moving average price of $58.09. Red Violet, Inc. has a 52 week low of $33.40 and a 52 week high of $83.15.

Red Violet (NASDAQ:RDVT) last released its earnings results on Wednesday, November 4th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. Red Violet had a net margin of 16.98% and a return on equity of 13.34%. The company had revenue of $27.75 million for the quarter, compared to the consensus estimate of $27.22 million. As a group, research analysts anticipate that Red Violet, Inc. will post 1.18 earnings per share for the current fiscal year.

Insider Activity

In related news, Director William Livek acquired 2,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was acquired at an average cost of $71.49 per share, for a total transaction of $142,980.00. Following the completion of the purchase, the director owned 22,733 shares of the company’s stock, valued at approximately $1,625,182.17. This represents a 9.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on RDVT. Wall Street Zen downgraded shares of Red Violet from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Needham & Company LLC lifted their price target on shares of Red Violet from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Raymond James Financial initiated coverage on Red Violet in a report on Thursday, September 17th. They set an “outperform” rating and a $90.00 price objective for the company. Zacks Research cut Red Violet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Finally, Lake Street Capital boosted their target price on Red Violet from $62.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $86.00.

Red Violet Profile

Red Violet, Inc. is a data analytics and identity intelligence company that develops software to help organizations identify people and assess risk. Its platform combines and analyzes information from a range of sources to support identity verification, fraud prevention, investigations and related decisions. The company’s products include idi, an identity intelligence platform for commercial and government users, and FOREWARN, a mobile application designed for real estate professionals to help verify identities and assess potential risks.