Red Violet, Inc. (NASDAQ:RDVT) Shares Sold by Nantahala Capital Management LLC

Nantahala Capital Management LLC decreased its position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 422,466 shares of the company's stock after selling 30,000 shares during the quarter. Red Violet makes up 0.7% of Nantahala Capital Management LLC's holdings, making the stock its 26th largest holding. Nantahala Capital Management LLC owned 3.06% of Red Violet worth $15,293,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Red Violet in the 4th quarter worth about $88,000. Wells Fargo & Company MN raised its position in shares of Red Violet by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,688 shares of the company's stock worth $206,000 after acquiring an additional 2,089 shares in the last quarter. Franklin Resources Inc. purchased a new position in Red Violet during the 4th quarter worth $207,000. Hsbc Holdings PLC purchased a new stake in Red Violet during the 4th quarter valued at about $215,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Red Violet in the 4th quarter valued at about $232,000. Hedge funds and other institutional investors own 63.56% of the company's stock.

Insider Activity at Red Violet

In other Red Violet news, Director Steven D. Rubin sold 10,000 shares of the business's stock in a transaction dated 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. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.50% of the stock is owned by insiders.

Red Violet Stock Performance

Red Violet stock traded up $0.66 during trading on Thursday, reaching $39.72. The company had a trading volume of 207,672 shares, compared to its average volume of 66,617. The firm's 50-day simple moving average is $37.62 and its 200 day simple moving average is $36.31. Red Violet, Inc. has a 1-year low of $16.90 and a 1-year high of $43.44. The firm has a market capitalization of $553.66 million, a PE ratio of 110.33 and a beta of 1.57.

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.