Red Violet, Inc. (NASDAQ:RDVT) Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its stake in shares of Red Violet, Inc. (NASDAQ:RDVT) by 26.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 102,600 shares of the company’s stock after purchasing an additional 21,400 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Red Violet were worth $3,714,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of Red Violet by 114.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company’s stock valued at $889,000 after acquiring an additional 16,661 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in Red Violet by 202.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock valued at $916,000 after purchasing an additional 16,951 shares during the last quarter. Barclays PLC grew its stake in shares of Red Violet by 240.7% in the 3rd quarter. Barclays PLC now owns 18,502 shares of the company’s stock valued at $526,000 after buying an additional 13,072 shares during the period. SG Americas Securities LLC increased its holdings in shares of Red Violet by 14.3% during the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock worth $289,000 after buying an additional 998 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Red Violet during the 4th quarter worth approximately $232,000. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

Red Violet Stock Performance

RDVT opened at $38.64 on Friday. The stock 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 one year low of $16.56 and a one year high of $43.44. The business’s 50 day moving average price is $37.88 and its 200 day moving average price is $34.48.

Insider Transactions at Red Violet

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

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.