16,617 Shares in Red Violet, Inc. (NASDAQ:RDVT) Bought by Bosun Asset Management LLC

Bosun Asset Management LLC bought 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 13F filing with the Securities and Exchange Commission. The firm bought 16,617 shares of the company's stock, valued at approximately $602,000. Bosun Asset Management LLC owned about 0.12% of Red Violet as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of America Corp DE lifted its position in Red Violet by 29.4% during the fourth quarter. Bank of America Corp DE now owns 11,122 shares of the company's stock worth $403,000 after acquiring an additional 2,526 shares during the last quarter. Algert Global LLC acquired a new stake in Red Violet during the 4th quarter worth approximately $267,000. PDT Partners LLC boosted its stake in Red Violet by 32.1% in the 4th quarter. PDT Partners LLC now owns 15,109 shares of the company's stock valued at $547,000 after purchasing an additional 3,668 shares during the period. Northern Trust Corp grew its holdings in Red Violet by 6.8% in the 4th quarter. Northern Trust Corp now owns 102,880 shares of the company's stock valued at $3,724,000 after buying an additional 6,544 shares in the last quarter. Finally, Voya Investment Management LLC bought a new position in Red Violet during the 4th quarter worth $247,000. Institutional investors own 63.56% of the company's stock.

Red Violet Stock Down 2.3 %

Shares of Red Violet stock traded down $1.06 during trading on Friday, reaching $45.56. The company's stock had a trading volume of 232,022 shares, compared to its average volume of 69,590. The business's 50-day moving average price is $37.83 and its 200-day moving average price is $36.81. Red Violet, Inc. has a 52 week low of $19.60 and a 52 week high of $47.23. The firm has a market cap of $635.61 million, a PE ratio of 126.56 and a beta of 1.69.

Insiders Place Their Bets

In other news, insider Jeffrey Alan Dell sold 5,000 shares of the stock in a transaction on 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Derek Dubner sold 10,000 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $46.21, for a total value of $462,100.00. Following the completion of the transaction, the chief executive officer now directly owns 580,379 shares of the company's stock, valued at approximately $26,819,313.59. This trade represents a 1.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $1,082,400 in the last quarter. 9.50% of the stock is currently owned by corporate insiders.

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.