Prudential Financial Inc. Purchases New Position in Red Violet, Inc. (NASDAQ:RDVT)

Prudential Financial Inc. acquired a new position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,601 shares of the company's stock, valued at approximately $891,000. Prudential Financial Inc. owned about 0.18% of Red Violet as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Red Violet in the 4th quarter valued at $88,000. Hennion & Walsh Asset Management Inc. bought a new position in Red Violet during the fourth quarter worth about $232,000. Bailard Inc. acquired a new stake in Red Violet in the 4th quarter worth about $243,000. SG Americas Securities LLC boosted its holdings in Red Violet by 14.3% in the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock valued at $289,000 after purchasing an additional 998 shares during the period. Finally, Bard Associates Inc. bought a new position in shares of Red Violet during the fourth quarter worth approximately $299,000. Institutional investors own 63.56% of the company's stock.

Red Violet Price Performance

Red Violet stock traded up $0.43 during mid-day trading on Friday, reaching $36.47. 56,119 shares of the company were exchanged, compared to its average volume of 63,888. The firm has a market cap of $508.36 million, a PE ratio of 101.31 and a beta of 1.57. The company has a fifty day simple moving average of $38.46 and a 200-day simple moving average of $35.44. Red Violet, Inc. has a 12 month low of $16.56 and a 12 month high of $43.44.

Insider Activity at Red Violet

In related news, Director Steven D. Rubin sold 10,000 shares of Red Violet stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total value of $389,300.00. Following the transaction, the director now directly owns 141,138 shares of the company's stock, valued at $5,494,502.34. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.50% of the stock is owned by insiders.

About Red Violet

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.