Occudo Quantitative Strategies LP Purchases New Holdings in Red Violet, Inc. (NASDAQ:RDVT)

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

Several other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of Red Violet by 114.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company's stock worth $889,000 after buying an additional 16,661 shares in the last quarter. Barclays PLC grew its position in shares of Red Violet by 240.7% during the 3rd quarter. Barclays PLC now owns 18,502 shares of the company's stock worth $526,000 after buying an additional 13,072 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Red Violet by 14.3% during the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock worth $289,000 after buying an additional 998 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Red Violet during the 4th quarter worth $232,000. Finally, Ellsworth Advisors LLC bought a new position in shares of Red Violet during the 4th quarter worth $619,000. 63.56% of the stock is currently owned by institutional investors.

Red Violet Stock Up 0.3%

Shares of NASDAQ RDVT traded up $0.17 during mid-day trading on Tuesday, reaching $49.29. 83,338 shares of the company were exchanged, compared to its average volume of 71,633. The stock has a market cap of $687.89 million, a price-to-earnings ratio of 136.92 and a beta of 1.69. Red Violet, Inc. has a 1 year low of $19.76 and a 1 year high of $49.80. The firm has a 50-day moving average of $39.66 and a 200 day moving average of $37.90.

Insiders Place Their Bets

In other news, insider Jeffrey Alan Dell sold 5,000 shares of Red Violet stock in a transaction 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 sale, the insider now directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven D. Rubin sold 10,000 shares of the company's 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 sale, the director now directly owns 141,138 shares in the company, valued at approximately $5,494,502.34. The trade was a 6.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $1,082,400 in the last 90 days. 9.50% of the stock is owned by insiders.

Red Violet 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.