Hillsdale Investment Management Inc. Raises Stock Holdings in Red Violet, Inc. (NASDAQ:RDVT)

Hillsdale Investment Management Inc. boosted its stake in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,600 shares of the company's stock after purchasing an additional 21,400 shares during the period. Hillsdale Investment Management Inc. owned about 0.74% of Red Violet worth $3,714,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in shares of Red Violet during the 4th quarter valued at about $88,000. Hennion & Walsh Asset Management Inc. bought a new stake in Red Violet during the 4th quarter worth approximately $232,000. Bailard Inc. purchased a new position in Red Violet during the fourth quarter valued at approximately $243,000. SG Americas Securities LLC lifted its holdings in Red Violet by 14.3% during the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock valued at $289,000 after purchasing an additional 998 shares in the last quarter. Finally, Bard Associates Inc. bought a new position in shares of Red Violet in the fourth quarter worth approximately $299,000. Institutional investors own 63.56% of the company's stock.

Red Violet Price Performance

Shares of RDVT stock traded down $1.21 on Thursday, hitting $38.20. 54,598 shares of the stock traded hands, compared to its average volume of 65,393. Red Violet, Inc. has a 52 week low of $16.56 and a 52 week high of $43.44. The firm has a 50 day simple moving average of $38.22 and a two-hundred day simple moving average of $34.72. The firm has a market cap of $532.47 million, a price-to-earnings ratio of 106.11 and a beta of 1.63.

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Insider Buying and Selling at Red Violet

In other Red Violet 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 value of $389,300.00. Following the completion of the transaction, the director now directly owns 141,138 shares in the company, valued at $5,494,502.34. This represents a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.