Russell Investments Group Ltd. Purchases 28,500 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Russell Investments Group Ltd. grew its position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 39.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,244 shares of the company's stock after acquiring an additional 28,500 shares during the quarter. Russell Investments Group Ltd. owned 0.73% of Red Violet worth $3,629,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its position in Red Violet by 98.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 131,988 shares of the company's stock valued at $4,778,000 after purchasing an additional 65,561 shares in the last quarter. Annex Advisory Services LLC acquired a new position in shares of Red Violet during the 4th quarter worth approximately $1,080,000. JPMorgan Chase & Co. raised its stake in shares of Red Violet by 89.7% during the 4th quarter. JPMorgan Chase & Co. now owns 59,269 shares of the company's stock worth $2,146,000 after purchasing an additional 28,026 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Red Violet in the 4th quarter valued at approximately $891,000. Finally, Hillsdale Investment Management Inc. grew its stake in shares of Red Violet by 26.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 102,600 shares of the company's stock valued at $3,714,000 after buying an additional 21,400 shares in the last quarter. 63.56% of the stock is owned by institutional investors.

Red Violet Price Performance

NASDAQ RDVT traded up $0.54 on Tuesday, hitting $36.67. 52,745 shares of the stock were exchanged, compared to its average volume of 64,662. The business's fifty day moving average is $37.98 and its 200 day moving average is $35.89. Red Violet, Inc. has a 52 week low of $16.56 and a 52 week high of $43.44. The company has a market capitalization of $511.14 million, a PE ratio of 101.86 and a beta of 1.57.

Insider Activity at Red Violet

In other Red Violet news, Director Steven D. Rubin sold 10,000 shares of the company's stock in a transaction 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 in the company, valued at $5,494,502.34. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 9.50% of the stock is currently owned by company 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.