Red Violet, Inc. (NASDAQ:RDVT) Director Steven D. Rubin Sells 10,000 Shares

Red Violet, Inc. (NASDAQ:RDVT) Director Steven D. Rubin sold 10,000 shares of Red Violet stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total transaction of $389,300.00. Following the sale, the director now owns 141,138 shares in the company, valued at approximately $5,494,502.34. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Red Violet Stock Up 0.1 %

NASDAQ:RDVT opened at $38.64 on Friday. The firm has a market capitalization of $538.60 million, a PE ratio of 107.33 and a beta of 1.63. Red Violet, Inc. has a 12-month low of $16.56 and a 12-month high of $43.44. The firm has a 50-day moving average price of $37.88 and a 200 day moving average price of $34.44.

Hedge Funds Weigh In On Red Violet

A number of hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP boosted its stake in Red Violet by 23.7% in the 4th quarter. Wasatch Advisors LP now owns 676,399 shares of the company’s stock valued at $24,486,000 after buying an additional 129,519 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Red Violet by 98.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 131,988 shares of the company’s stock worth $4,778,000 after purchasing an additional 65,561 shares in the last quarter. Annex Advisory Services LLC bought a new position in Red Violet during the 4th quarter valued at about $1,080,000. Russell Investments Group Ltd. boosted its position in Red Violet by 39.7% in the fourth quarter. Russell Investments Group Ltd. now owns 100,244 shares of the company’s stock valued at $3,629,000 after buying an additional 28,500 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Red Violet by 89.7% in the fourth quarter. JPMorgan Chase & Co. now owns 59,269 shares of the company’s stock valued at $2,146,000 after buying an additional 28,026 shares in the last quarter. 63.56% of the stock is owned by institutional investors and hedge funds.

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.