Trigran Investments Inc. Has $57.75 Million Position in Red Violet, Inc. (NASDAQ:RDVT)

Trigran Investments Inc. trimmed its position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,595,399 shares of the company's stock after selling 316,588 shares during the quarter. Red Violet comprises approximately 6.6% of Trigran Investments Inc.'s holdings, making the stock its 8th biggest position. Trigran Investments Inc. owned about 11.57% of Red Violet worth $57,753,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its holdings in Red Violet by 23.7% in the 4th quarter. Wasatch Advisors LP now owns 676,399 shares of the company's stock worth $24,486,000 after buying an additional 129,519 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Red Violet by 98.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 131,988 shares of the company's stock worth $4,778,000 after purchasing an additional 65,561 shares in the last quarter. Annex Advisory Services LLC bought a new position in Red Violet in the 4th quarter worth approximately $1,080,000. Russell Investments Group Ltd. raised 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 buying an additional 28,500 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Red Violet by 89.7% during the fourth quarter. JPMorgan Chase & Co. now owns 59,269 shares of the company's stock valued at $2,146,000 after buying an additional 28,026 shares during the last quarter. Institutional investors own 63.56% of the company's stock.

Insider Buying and Selling at Red Violet

In related 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.50% of the company's stock.

Red Violet Trading Down 2.2 %

Shares of NASDAQ:RDVT traded down $0.84 during midday trading on Friday, reaching $36.72. 23,076 shares of the company were exchanged, compared to its average volume of 64,767. The stock has a market cap of $511.84 million, a PE ratio of 102.00 and a beta of 1.57. The business's fifty day moving average is $37.75 and its two-hundred day moving average is $35.98. Red Violet, Inc. has a one year low of $16.56 and a one year 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.