Red Violet, Inc. (NASDAQ:RDVT) Stake Reduced by Nantahala Capital Management LLC

Nantahala Capital Management LLC lessened its holdings in 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 Securities and Exchange Commission. The firm owned 422,466 shares of the company's stock after selling 30,000 shares during the period. Red Violet comprises approximately 0.7% of Nantahala Capital Management LLC's holdings, making the stock its 26th biggest holding. Nantahala Capital Management LLC owned about 3.06% of Red Violet worth $15,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RDVT. SG Americas Securities LLC grew its stake in shares of Red Violet by 14.3% in the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock valued at $289,000 after buying an additional 998 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 purchasing an additional 1,068 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Red Violet by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,083 shares of the company's stock valued at $1,161,000 after purchasing an additional 1,181 shares during the period. Barclays PLC grew its holdings in Red Violet by 10.6% during the 4th quarter. Barclays PLC now owns 20,463 shares of the company's stock valued at $740,000 after purchasing an additional 1,961 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Red Violet by 58.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,688 shares of the company's stock worth $206,000 after buying an additional 2,089 shares during the period. Institutional investors and hedge funds own 63.56% of the company's stock.

Insider Activity at Red Violet

In other 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 transaction of $389,300.00. Following the completion of the transaction, the director now directly owns 141,138 shares in the company, valued at approximately $5,494,502.34. This represents a 6.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.50% of the stock is currently owned by company insiders.

Red Violet Trading Up 0.0 %

NASDAQ:RDVT traded up $0.01 on Friday, reaching $39.73. The stock had a trading volume of 57,398 shares, compared to its average volume of 66,714. The company has a 50-day moving average of $37.67 and a 200 day moving average of $36.48. The stock has a market cap of $554.27 million, a P/E ratio of 110.36 and a beta of 1.69. Red Violet, Inc. has a 12-month low of $17.39 and a 12-month high of $43.44.

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.