Cove Street Capital LLC lowered its position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 79.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,340 shares of the company's stock after selling 66,071 shares during the quarter. Cove Street Capital LLC owned approximately 0.13% of Red Violet worth $629,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Red Violet in the fourth quarter valued at $88,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Red Violet during the 4th quarter worth approximately $232,000. Bailard Inc. acquired a new position in shares of Red Violet during the 4th quarter worth approximately $243,000. SG Americas Securities LLC increased its position in Red Violet by 14.3% during the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock worth $289,000 after buying an additional 998 shares in the last quarter. Finally, Bard Associates Inc. purchased a new stake in shares of Red Violet in the fourth quarter valued at $299,000. 63.56% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Red Violet
In other news, Director Steven D. Rubin sold 10,000 shares of the firm'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 sale, the director now owns 141,138 shares in the company, valued at $5,494,502.34. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 9.50% of the company's stock.
Red Violet Stock Performance
Red Violet stock traded up $1.19 during midday trading on Tuesday, reaching $38.78. 89,771 shares of the company were exchanged, compared to its average volume of 62,446. The firm's 50-day simple moving average is $38.37 and its 200-day simple moving average is $34.96. Red Violet, Inc. has a 1 year low of $16.56 and a 1 year high of $43.44. The company has a market capitalization of $540.55 million, a price-to-earnings ratio of 107.72 and a beta of 1.63.
About Red Violet
(
Free Report)
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.
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