Walleye Capital LLC Invests $532,000 in Red Violet, Inc. (NASDAQ:RDVT)

Walleye Capital LLC acquired a new position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 18,701 shares of the company's stock, valued at approximately $532,000. Walleye Capital LLC owned about 0.14% of Red Violet as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in RDVT. Vanguard Group Inc. grew its position in shares of Red Violet by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 571,919 shares of the company's stock worth $11,181,000 after buying an additional 16,933 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Red Violet by 11.6% during the second quarter. Bank of New York Mellon Corp now owns 40,960 shares of the company's stock valued at $1,040,000 after purchasing an additional 4,264 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of Red Violet during the second quarter valued at approximately $595,000. Rhumbline Advisers boosted its position in shares of Red Violet by 5.7% during the second quarter. Rhumbline Advisers now owns 14,578 shares of the company's stock valued at $370,000 after purchasing an additional 781 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Red Violet during the second quarter valued at approximately $551,000. 63.56% of the stock is currently owned by institutional investors.

Insider Activity at Red Violet

In other Red Violet news, President James Patrick Reilly sold 10,000 shares of Red Violet stock in a transaction on Monday, November 25th. The stock was sold at an average price of $37.25, for a total transaction of $372,500.00. Following the completion of the transaction, the president now owns 272,124 shares in the company, valued at approximately $10,136,619. The trade was a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter Benz sold 22,300 shares of Red Violet stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total value of $834,689.00. Following the transaction, the director now owns 80,766 shares of the company's stock, valued at $3,023,071.38. The trade was a 21.64 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by corporate insiders.

Red Violet Stock Performance

Shares of NASDAQ RDVT traded down $1.32 during mid-day trading on Monday, hitting $37.40. 73,164 shares of the stock traded hands, compared to its average volume of 50,539. Red Violet, Inc. has a 52 week low of $16.56 and a 52 week high of $39.27. The company has a market cap of $515.75 million, a price-to-earnings ratio of 103.89 and a beta of 1.49. The stock has a fifty day moving average price of $32.05 and a 200-day moving average price of $27.93.

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.