Bridgeway Capital Management LLC Takes $243,000 Position in Red Violet, Inc. (NASDAQ:RDVT)

Bridgeway Capital Management LLC acquired a new position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,700 shares of the company's stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Red Violet by 114.3% during the third quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company's stock valued at $889,000 after buying an additional 16,661 shares during the period. Salem Investment Counselors Inc. raised its holdings in Red Violet by 202.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company's stock worth $916,000 after purchasing an additional 16,951 shares in the last quarter. Barclays PLC increased its holdings in shares of Red Violet by 240.7% during the third quarter. Barclays PLC now owns 18,502 shares of the company's stock valued at $526,000 after acquiring an additional 13,072 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Red Violet by 14.3% during the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock valued at $289,000 after buying an additional 998 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Red Violet in the fourth quarter worth about $232,000. 63.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jeffrey Alan Dell sold 5,000 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $46.20, for a total value 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 represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Derek Dubner sold 10,000 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $46.21, for a total value of $462,100.00. Following the sale, the chief executive officer now directly owns 580,379 shares in the company, valued at approximately $26,819,313.59. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock valued at $1,082,400. 9.50% of the stock is currently owned by insiders.

Red Violet Trading Up 0.0%

RDVT traded up $0.01 on Friday, hitting $49.20. 171,167 shares of the company's stock traded hands, compared to its average volume of 71,548. Red Violet, Inc. has a one year low of $19.76 and a one year high of $49.80. The company's 50 day simple moving average is $39.15 and its 200-day simple moving average is $37.68. The firm has a market cap of $686.64 million, a price-to-earnings ratio of 136.67 and a beta of 1.69.

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.