Occudo Quantitative Strategies LP Purchases Shares of 8,401 Red Violet, Inc. (NASDAQ:RDVT)

Occudo Quantitative Strategies LP purchased a new stake in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,401 shares of the company's stock, valued at approximately $304,000. Occudo Quantitative Strategies LP owned approximately 0.06% of Red Violet at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Wasatch Advisors LP increased its stake in Red Violet by 23.7% during the 4th 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Red Violet by 98.7% during the fourth 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 during the last quarter. Annex Advisory Services LLC bought a new stake in shares of Red Violet during the fourth quarter valued at approximately $1,080,000. Russell Investments Group Ltd. increased its position in shares of Red Violet by 39.7% during the fourth quarter. Russell Investments Group Ltd. now owns 100,244 shares of the company's stock valued at $3,629,000 after acquiring an additional 28,500 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Red Violet by 89.7% in the 4th quarter. JPMorgan Chase & Co. now owns 59,269 shares of the company's stock worth $2,146,000 after acquiring an additional 28,026 shares during the last quarter. Hedge funds and other institutional investors own 63.56% of the company's stock.

Insiders Place Their Bets

In other Red Violet news, insider Jeffrey Alan Dell sold 5,000 shares of Red Violet 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 completion of the sale, the insider now owns 172,968 shares of the company's stock, valued at approximately $7,991,121.60. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven D. Rubin sold 10,000 shares of the business's stock in a transaction on 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 owns 141,138 shares of the company's stock, valued at approximately $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 90 days, insiders sold 25,000 shares of company stock valued at $1,082,400. 9.50% of the stock is owned by insiders.

Red Violet Trading Up 0.7%

RDVT traded up $0.37 during trading on Thursday, hitting $50.18. 91,167 shares of the company's stock traded hands, compared to its average volume of 72,623. Red Violet, Inc. has a 12-month low of $19.88 and a 12-month high of $50.51. The company's 50 day simple moving average is $39.91 and its two-hundred day simple moving average is $37.98. The stock has a market capitalization of $700.24 million, a price-to-earnings ratio of 139.38 and a beta of 1.69.

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.