Franklin Resources Inc. Takes Position in Red Violet, Inc. (NASDAQ:RDVT)

Franklin Resources Inc. acquired a new position in shares of Red Violet, Inc. (NASDAQ:RDVT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,729 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently added to or reduced their stakes in RDVT. Quantbot Technologies LP acquired a new position in shares of Red Violet during the fourth quarter valued at about $88,000. Hennion & Walsh Asset Management Inc. bought a new stake in Red Violet in the fourth quarter valued at $232,000. Bailard Inc. acquired a new stake in shares of Red Violet during the 4th quarter worth about $243,000. SG Americas Securities LLC boosted its holdings in shares of Red Violet by 14.3% in the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock worth $289,000 after acquiring an additional 998 shares in the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of Red Violet in the fourth quarter valued at $299,000. Institutional investors own 63.56% of the company’s stock.

Red Violet Trading Down 1.9 %

RDVT opened at $36.72 on Friday. Red Violet, Inc. has a 1-year low of $16.56 and a 1-year high of $43.44. The firm has a 50-day moving average price of $38.17 and a two-hundred day moving average price of $35.76. The stock has a market capitalization of $511.84 million, a PE ratio of 102.00 and a beta of 1.57.

Insiders Place Their Bets

In other news, Director Steven D. Rubin sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total transaction of $389,300.00. Following the completion of the sale, the director now owns 141,138 shares in the company, valued at $5,494,502.34. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 9.50% of the company’s stock.

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.