5,919 Shares in Red Violet, Inc. (NASDAQ:RDVT) Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,919 shares of the company's stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quantbot Technologies LP bought a new stake in shares of Red Violet in the 4th quarter valued at about $88,000. Wells Fargo & Company MN raised its position in shares of 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. bought a new stake in shares of Red Violet during the 4th quarter valued at $207,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Red Violet during the fourth quarter worth about $232,000. Finally, Bailard Inc. acquired a new position in Red Violet during the fourth quarter valued at approximately $243,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Red Violet

In other news, insider Jeffrey Alan Dell sold 5,000 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $46.20, for a total transaction of $231,000.00. Following the transaction, the insider now directly owns 172,968 shares of the company's stock, valued at approximately $7,991,121.60. This trade represents a 2.81% 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 Steven D. Rubin sold 10,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 141,138 shares of the company's stock, valued at $5,494,502.34. The trade was a 6.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,000 shares of company stock valued at $1,082,400. 9.50% of the stock is owned by company insiders.

Red Violet Stock Performance

Shares of NASDAQ:RDVT traded up $1.60 during midday trading on Tuesday, hitting $47.68. 232,612 shares of the stock were exchanged, compared to its average volume of 70,650. The business's 50-day moving average price is $38.12 and its 200 day moving average price is $37.15. Red Violet, Inc. has a 12 month low of $19.60 and a 12 month high of $48.34. The stock has a market capitalization of $665.42 million, a price-to-earnings ratio of 132.44 and a beta of 1.69.

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.