Two Sigma Investments LP Lowers Stake in Red Violet, Inc. (NASDAQ:RDVT)

Two Sigma Investments LP reduced its stake in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 69.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,455 shares of the company's stock after selling 16,820 shares during the period. Two Sigma Investments LP owned about 0.05% of Red Violet worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wasatch Advisors LP boosted its holdings in Red Violet by 23.7% in the 4th quarter. Wasatch Advisors LP now owns 676,399 shares of the company's stock worth $24,486,000 after buying an additional 129,519 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Red Violet by 98.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 131,988 shares of the company's stock worth $4,778,000 after buying an additional 65,561 shares during the period. Uniplan Investment Counsel Inc. boosted its holdings 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 buying an additional 23,213 shares during the period. Marshall Wace LLP boosted its holdings in Red Violet by 22.5% in the 4th quarter. Marshall Wace LLP now owns 107,886 shares of the company's stock worth $3,905,000 after buying an additional 19,835 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Red Violet by 9.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 107,211 shares of the company's stock worth $3,882,000 after buying an additional 9,404 shares during the period. 63.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Red Violet 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 value of $231,000.00. Following the sale, the insider now directly owns 172,968 shares in the company, valued at $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 is available through this hyperlink. Also, 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 transaction of $389,300.00. Following the completion of the sale, the director now owns 141,138 shares in the company, valued at $5,494,502.34. This represents a 6.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,000 shares of company stock valued at $1,082,400. Company insiders own 8.90% of the company's stock.

Red Violet Stock Down 1.3%

RDVT traded down $0.63 on Friday, hitting $46.19. The company's stock had a trading volume of 104,209 shares, compared to its average volume of 78,339. The company's 50 day simple moving average is $43.18 and its 200-day simple moving average is $39.53. The firm has a market cap of $644.63 million, a P/E ratio of 128.31 and a beta of 1.78. Red Violet, Inc. has a 12 month low of $20.89 and a 12 month high of $51.10.

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.