Semanteon Capital Management LP Takes Position in Red Violet, Inc. (NASDAQ:RDVT)

Semanteon Capital Management LP purchased a new position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,985 shares of the company's stock, valued at approximately $325,000. Semanteon Capital Management LP owned 0.07% of Red Violet at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of RDVT. Geode Capital Management LLC boosted its holdings in shares of Red Violet by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 256,418 shares of the company's stock worth $7,297,000 after buying an additional 3,009 shares during the last quarter. State Street Corp raised its position in Red Violet by 5.7% in the third quarter. State Street Corp now owns 188,993 shares of the company's stock worth $5,377,000 after acquiring an additional 10,199 shares during the period. Globeflex Capital L P boosted its stake in Red Violet by 12.1% in the fourth quarter. Globeflex Capital L P now owns 98,231 shares of the company's stock valued at $3,556,000 after acquiring an additional 10,587 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of Red Violet by 23.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 69,464 shares of the company's stock valued at $2,515,000 after acquiring an additional 13,414 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Red Violet by 3.2% during the 4th 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 during the last quarter. 63.56% of the stock is currently owned by institutional investors.

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Red Violet Trading Down 3.3 %

Shares of NASDAQ:RDVT traded down $1.34 during mid-day trading on Wednesday, reaching $39.41. The company had a trading volume of 52,324 shares, compared to its average volume of 65,220. Red Violet, Inc. has a one year low of $16.56 and a one year high of $43.44. The company's 50-day moving average price is $38.13 and its 200-day moving average price is $34.69. The firm has a market cap of $549.34 million, a price-to-earnings ratio of 109.47 and a beta of 1.63.

Insiders Place Their Bets

In related 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 completion of the sale, the director now owns 141,138 shares of the company's stock, valued at approximately $5,494,502.34. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 9.50% of the company's stock.

About Red Violet

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.