Arrowstreet Capital Limited Partnership Increases Position in Red Violet, Inc. (NASDAQ:RDVT)

Arrowstreet Capital Limited Partnership lifted its stake in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 98.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 131,988 shares of the company's stock after purchasing an additional 65,561 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.96% of Red Violet worth $4,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its stake in Red Violet by 4.3% during the third quarter. Janus Henderson Group PLC now owns 24,305 shares of the company's stock worth $691,000 after purchasing an additional 992 shares during the last quarter. SG Americas Securities LLC grew 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 acquiring an additional 998 shares during the period. Bank of New York Mellon Corp raised its holdings in Red Violet by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company's stock worth $1,235,000 after purchasing an additional 1,068 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Red Violet by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,083 shares of the company's stock valued at $1,161,000 after acquiring an additional 1,181 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Red Violet during the fourth quarter valued at $88,000. 63.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Steven D. Rubin sold 10,000 shares of Red Violet stock in a transaction dated Wednesday, March 19th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 9.50% of the company's stock.

Red Violet Stock Performance

Shares of RDVT stock traded up $0.43 during mid-day trading on Friday, hitting $36.47. The company's stock had a trading volume of 56,119 shares, compared to its average volume of 63,888. The stock has a market cap of $508.36 million, a price-to-earnings ratio of 101.31 and a beta of 1.57. The business has a 50-day moving average price of $38.46 and a 200 day moving average price of $35.44. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $43.44.

Red Violet Company 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.