Wasatch Advisors LP Has $15.56 Million Position in Red Violet, Inc. (NASDAQ:RDVT)

Wasatch Advisors LP cut its stake in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 22.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 546,880 shares of the company's stock after selling 153,982 shares during the quarter. Wasatch Advisors LP owned 3.97% of Red Violet worth $15,559,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Rhumbline Advisers lifted its position in shares of Red Violet by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 14,578 shares of the company's stock valued at $370,000 after acquiring an additional 781 shares in the last quarter. Lazard Asset Management LLC raised its stake in Red Violet by 352.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,614 shares of the company's stock valued at $70,000 after purchasing an additional 2,816 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Red Violet by 11.6% in 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. Squarepoint Ops LLC boosted its position in shares of Red Violet by 28.4% in the second quarter. Squarepoint Ops LLC now owns 29,804 shares of the company's stock worth $757,000 after buying an additional 6,599 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Red Violet in the third quarter worth $199,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Red Violet Stock Performance

NASDAQ:RDVT traded up $0.31 during trading hours on Friday, hitting $36.80. 39,353 shares of the company's stock traded hands, compared to its average volume of 95,491. The stock's fifty day moving average price is $31.00 and its two-hundred day moving average price is $27.20. The firm has a market cap of $507.47 million, a P/E ratio of 102.22 and a beta of 1.46. Red Violet, Inc. has a twelve month low of $16.56 and a twelve month high of $39.27.

Insider Transactions at Red Violet

In other Red Violet news, Director Peter Benz sold 22,300 shares of Red Violet stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total value of $834,689.00. Following the transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President James Patrick Reilly sold 10,000 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $37.25, for a total value of $372,500.00. Following the transaction, the president now owns 272,124 shares of the company's stock, valued at approximately $10,136,619. This trade represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.50% of the company's stock.

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.