Two Sigma Advisers LP Cuts Stock Position in Red Violet, Inc. (NASDAQ:RDVT)

Two Sigma Advisers LP lowered its holdings in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 40.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wasatch Advisors LP boosted its stake in shares of Red Violet by 23.7% during the fourth quarter. Wasatch Advisors LP now owns 676,399 shares of the company's stock valued at $24,486,000 after purchasing an additional 129,519 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Red Violet by 98.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 131,988 shares of the company's stock valued at $4,778,000 after buying an additional 65,561 shares in the last quarter. Uniplan Investment Counsel Inc. grew its stake in Red Violet by 27.0% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 109,209 shares of the company's stock worth $3,953,000 after acquiring an additional 23,213 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Red Violet by 22.5% during the fourth quarter. Marshall Wace LLP now owns 107,886 shares of the company's stock valued at $3,905,000 after acquiring an additional 19,835 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Red Violet by 9.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 107,211 shares of the company's stock valued at $3,882,000 after purchasing an additional 9,404 shares during the period. Institutional investors own 63.56% of the company's stock.

Red Violet Stock Down 3.4%

NASDAQ:RDVT traded down $1.53 during midday trading on Monday, hitting $44.11. The stock had a trading volume of 122,332 shares, compared to its average volume of 77,264. The stock has a 50-day moving average of $42.22 and a 200 day moving average of $39.25. The company has a market capitalization of $615.60 million, a price-to-earnings ratio of 122.53 and a beta of 1.78. Red Violet, Inc. has a one year low of $20.61 and a one year high of $51.10.

Insider Activity

In other news, insider Jeffrey Alan Dell sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 172,968 shares in the company, valued at approximately $7,991,121.60. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven D. Rubin sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total transaction of $389,300.00. Following the completion of the transaction, the director now directly owns 141,138 shares of the company's stock, valued at $5,494,502.34. This trade represents a 6.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,000 shares of company stock worth $1,082,400. Company insiders own 8.90% of the company's stock.

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.