Wasatch Advisors LP Raises Stake in Red Violet, Inc. (NASDAQ:RDVT)

Wasatch Advisors LP raised its holdings in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 23.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 676,399 shares of the company's stock after buying an additional 129,519 shares during the quarter. Wasatch Advisors LP owned 4.90% of Red Violet worth $24,486,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Red Violet in the fourth quarter worth approximately $88,000. Wells Fargo & Company MN raised its position in shares of Red Violet by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,688 shares of the company's stock worth $206,000 after purchasing an additional 2,089 shares during the period. Franklin Resources Inc. bought a new position in shares of Red Violet in the 4th quarter worth $207,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Red Violet in the 4th quarter valued at $232,000. Finally, Bailard Inc. bought a new stake in Red Violet during the 4th quarter valued at $243,000. Institutional investors and hedge funds own 63.56% of the company's stock.

Insider Buying and Selling

In other Red Violet 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 transaction 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. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.50% of the stock is currently owned by company insiders.

Red Violet Stock Performance

Shares of Red Violet stock traded down $0.71 during trading hours on Friday, reaching $36.72. The company's stock had a trading volume of 51,728 shares, compared to its average volume of 64,678. The company has a market capitalization of $511.84 million, a P/E ratio of 102.00 and a beta of 1.57. The stock's fifty day simple moving average is $38.17 and its two-hundred day simple moving average is $35.76. Red Violet, Inc. has a one year low of $16.56 and a one year high of $43.44.

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.