Two Sigma Advisers LP Trims Stake in Red Violet, Inc. (NASDAQ:RDVT)

Two Sigma Advisers LP lowered its position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 40.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,200 shares of the company's stock after selling 6,900 shares during the quarter. Two Sigma Advisers LP owned 0.07% of Red Violet worth $369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of RDVT. SG Americas Securities LLC raised its holdings in shares of 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. Calamos Advisors LLC bought a new stake in shares of Red Violet in the 4th quarter worth approximately $566,000. White Pine Capital LLC bought a new stake in shares of Red Violet in the 4th quarter worth approximately $381,000. Pembroke Management LTD raised its holdings in shares of Red Violet by 125.1% in the 4th quarter. Pembroke Management LTD now owns 30,052 shares of the company's stock worth $1,088,000 after purchasing an additional 16,703 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Red Violet by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company's stock worth $1,235,000 after purchasing an additional 1,068 shares during the period. Institutional investors own 63.56% of the company's stock.

Red Violet Trading Down 1.5%

Shares of NASDAQ:RDVT traded down $0.69 during mid-day trading on Friday, reaching $45.64. The company had a trading volume of 84,393 shares, compared to its average volume of 76,843. The firm has a market cap of $636.95 million, a price-to-earnings ratio of 126.78 and a beta of 1.78. The company's 50-day moving average price is $42.22 and its 200-day moving average price is $39.20. Red Violet, Inc. has a one year low of $20.61 and a one year high of $51.10.

Insider Buying and Selling at Red Violet

In other Red Violet news, insider Jeffrey Alan Dell sold 5,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were 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 $7,991,121.60. The trade was a 2.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven D. Rubin sold 10,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total transaction of $389,300.00. Following the sale, the director now directly owns 141,138 shares in the company, 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. Insiders have sold 25,000 shares of company stock valued at $1,082,400 in the last 90 days. 8.90% of the stock is currently owned by company insiders.

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.