Red Violet, Inc. (NASDAQ:RDVT) is Trigran Investments Inc.'s 8th Largest Position

Trigran Investments Inc. lowered its position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,595,399 shares of the company's stock after selling 316,588 shares during the quarter. Red Violet comprises about 6.6% of Trigran Investments Inc.'s holdings, making the stock its 8th biggest holding. Trigran Investments Inc. owned approximately 11.57% of Red Violet worth $57,753,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in Red Violet during the 4th quarter worth about $88,000. Wells Fargo & Company MN raised its stake in Red Violet by 58.0% in the fourth 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. purchased a new stake in Red Violet during the 4th quarter worth about $207,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Red Violet during the 4th quarter worth about $232,000. Finally, Bailard Inc. acquired a new position in shares of Red Violet during the 4th quarter worth about $243,000. Hedge funds and other 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 on Wednesday, March 19th. The shares were 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 owns 141,138 shares in the company, valued at approximately $5,494,502.34. This represents a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 9.50% of the stock is currently owned by insiders.

Red Violet Price Performance

Shares of NASDAQ RDVT traded up $0.28 during midday trading on Thursday, hitting $37.56. 88,204 shares of the company's stock were exchanged, compared to its average volume of 64,768. The firm's fifty day simple moving average is $37.86 and its 200-day simple moving average is $35.90. The company has a market cap of $523.55 million, a PE ratio of 104.33 and a beta of 1.57. Red Violet, Inc. has a twelve month low of $16.56 and a twelve month high of $43.44.

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.