6,700 Shares in Red Violet, Inc. (NASDAQ:RDVT) Bought by Bridgeway Capital Management LLC

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

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Red Violet during the 4th quarter worth $88,000. Wells Fargo & Company MN raised its position in Red Violet by 58.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,688 shares of the company's stock worth $206,000 after buying an additional 2,089 shares during the last quarter. Franklin Resources Inc. purchased a new position in Red Violet during the 4th quarter worth $207,000. Hsbc Holdings PLC purchased a new position in Red Violet during the 4th quarter worth $215,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Red Violet during the 4th quarter worth $232,000. Institutional investors and hedge funds own 63.56% of the company's stock.

Red Violet Stock Up 0.8%

Shares of RDVT opened at $46.08 on Tuesday. The company has a 50-day simple moving average of $38.12 and a 200-day simple moving average of $37.15. The company has a market capitalization of $643.09 million, a PE ratio of 128.00 and a beta of 1.69. Red Violet, Inc. has a 52-week low of $19.60 and a 52-week high of $47.09.

Insider Buying and Selling at Red Violet

In other news, CEO Derek Dubner sold 10,000 shares of Red Violet stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $46.21, for a total transaction of $462,100.00. Following the completion of the sale, the chief executive officer now directly owns 580,379 shares in the company, valued at $26,819,313.59. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey Alan Dell sold 5,000 shares of Red Violet 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 sale, the insider now 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 disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock worth $1,082,400. 9.50% of the stock is owned by corporate insiders.

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.

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