Martingale Asset Management L P Makes New Investment in Red Violet, Inc. (NASDAQ:RDVT)

Martingale Asset Management L P purchased a new position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,812 shares of the company's stock, valued at approximately $319,000. Martingale Asset Management L P owned approximately 0.06% of Red Violet as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Red Violet during the fourth quarter valued at $88,000. Wells Fargo & Company MN raised its position in shares of Red Violet by 58.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,688 shares of the company's stock valued at $206,000 after buying an additional 2,089 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Red Violet in the 4th quarter valued at about $207,000. Hennion & Walsh Asset Management Inc. purchased a new position in Red Violet in the fourth quarter worth about $232,000. Finally, Bailard Inc. bought a new stake in Red Violet during the fourth quarter worth approximately $243,000. Institutional investors own 63.56% of the company's stock.

Insider Buying and Selling at Red Violet

In other news, Director Steven D. Rubin sold 10,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 141,138 shares of the company's stock, valued at approximately $5,494,502.34. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 9.50% of the company's stock.

Red Violet Price Performance

Shares of NASDAQ:RDVT traded down $0.71 during trading on Friday, hitting $36.72. The company had a trading volume of 51,728 shares, compared to its average volume of 64,515. The stock has a market cap of $511.84 million, a price-to-earnings ratio of 102.00 and a beta of 1.57. The company has a fifty day simple moving average of $38.17 and a two-hundred day simple moving average of $35.69. Red Violet, Inc. has a one year low of $16.56 and a one year high of $43.44.

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.