Squarepoint Ops LLC Has $1.59 Million Stake in Red Violet, Inc. (NASDAQ:RDVT)

Squarepoint Ops LLC lifted its position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 56.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,928 shares of the company's stock after purchasing an additional 15,840 shares during the quarter. Squarepoint Ops LLC owned approximately 0.32% of Red Violet worth $1,590,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Red Violet by 4.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company's stock worth $227,000 after purchasing an additional 259 shares during the period. SG Americas Securities LLC raised its holdings in Red Violet by 14.3% during the fourth 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 last quarter. Bank of New York Mellon Corp increased its position in Red Violet by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company's stock worth $1,235,000 after buying an additional 1,068 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Red Violet by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,083 shares of the company's stock worth $1,161,000 after buying an additional 1,181 shares in the last quarter. Finally, Barclays PLC increased its position in Red Violet by 10.6% during the fourth quarter. Barclays PLC now owns 20,463 shares of the company's stock worth $740,000 after buying an additional 1,961 shares in the last quarter. 63.56% of the stock is owned by institutional investors and hedge funds.

Red Violet Stock Up 2.8%

Shares of NASDAQ:RDVT traded up $1.29 during midday trading on Tuesday, reaching $47.96. The company's stock had a trading volume of 138,080 shares, compared to its average volume of 76,250. The firm has a market cap of $669.33 million, a price-to-earnings ratio of 133.22 and a beta of 1.69. Red Violet, Inc. has a 1 year low of $20.61 and a 1 year high of $51.10. The business has a 50 day moving average price of $41.74 and a 200 day moving average price of $38.99.

Insider Buying and Selling

In related news, Director Steven D. Rubin sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total value 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 represents a 6.62% decrease in their position. 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 the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $46.20, for a total value of $231,000.00. Following the completion of the transaction, the insider now directly owns 172,968 shares of the company's stock, valued at $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. Over the last 90 days, insiders have sold 25,000 shares of company stock worth $1,082,400. 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.