Trexquant Investment LP Buys New Position in Red Violet, Inc. (NASDAQ:RDVT)

Trexquant Investment LP purchased a new position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,417 shares of the company's stock, valued at approximately $377,000. Trexquant Investment LP owned approximately 0.08% of Red Violet as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Quantbot Technologies LP bought a new stake in Red Violet in the fourth quarter worth $88,000. Franklin Resources Inc. bought a new stake in shares of Red Violet in the 4th quarter valued at about $207,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Red Violet during the 4th quarter valued at about $232,000. Bailard Inc. bought a new position in Red Violet during the 4th quarter worth approximately $243,000. Finally, SG Americas Securities LLC increased its stake in Red Violet by 14.3% in the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock worth $289,000 after purchasing an additional 998 shares during the period. 63.56% of the stock is currently owned by institutional investors.

Insider Activity at Red Violet

In other Red Violet news, Director Steven D. Rubin sold 10,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total value of $389,300.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.50% of the stock is currently owned by company insiders.

Red Violet Trading Down 1.9 %

Shares of NASDAQ:RDVT traded down $0.71 during trading on Friday, reaching $36.72. 51,728 shares of the company traded hands, compared to its average volume of 64,515. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $43.44. The firm has a market capitalization of $511.84 million, a price-to-earnings ratio of 102.00 and a beta of 1.57. The business's fifty day moving average is $38.17 and its 200-day moving average is $35.69.

Red Violet Company 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.