Essex Investment Management Co. LLC Sells 8,182 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Essex Investment Management Co. LLC lessened its position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 12.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,097 shares of the company's stock after selling 8,182 shares during the period. Essex Investment Management Co. LLC owned 0.44% of Red Violet worth $2,176,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of RDVT. Bard Associates Inc. acquired a new position in Red Violet in the fourth quarter valued at approximately $299,000. Charles Schwab Investment Management Inc. increased its stake in shares of Red Violet by 3.8% in 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 in the last quarter. Bailard Inc. acquired a new position in shares of Red Violet during the 4th quarter valued at $243,000. Los Angeles Capital Management LLC increased its stake in Red Violet by 23.9% in the fourth quarter. Los Angeles Capital Management LLC now owns 69,464 shares of the company's stock valued at $2,515,000 after purchasing an additional 13,414 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Red Violet by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company's stock valued at $1,235,000 after purchasing an additional 1,068 shares during the period. Institutional investors and hedge funds own 63.56% of the company's stock.

Red Violet Price Performance

Shares of RDVT stock traded down $0.38 on Thursday, reaching $36.25. 62,024 shares of the company were exchanged, compared to its average volume of 91,959. The company has a 50-day moving average of $37.48 and a 200-day moving average of $34.03. The company has a market cap of $505.29 million, a price-to-earnings ratio of 100.69 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.

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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.