Wasatch Advisors LP Buys 129,519 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Wasatch Advisors LP increased its position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 676,399 shares of the company's stock after purchasing an additional 129,519 shares during the quarter. Wasatch Advisors LP owned 4.90% of Red Violet worth $24,486,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Red Violet by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 256,418 shares of the company's stock worth $7,297,000 after acquiring an additional 3,009 shares in the last quarter. State Street Corp lifted its position in shares of Red Violet by 5.7% during the 3rd quarter. State Street Corp now owns 188,993 shares of the company's stock worth $5,377,000 after buying an additional 10,199 shares during the last quarter. 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 acquiring an additional 65,561 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Red Violet by 26.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 102,600 shares of the company's stock valued at $3,714,000 after purchasing an additional 21,400 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Red Violet by 39.7% during the 4th quarter. Russell Investments Group Ltd. now owns 100,244 shares of the company's stock worth $3,629,000 after purchasing an additional 28,500 shares in the last quarter. 63.56% of the stock is owned by institutional investors.

Red Violet Stock Up 0.8 %

Shares of NASDAQ:RDVT traded up $0.30 during trading on Tuesday, hitting $36.43. 11,792 shares of the company were exchanged, compared to its average volume of 64,350. Red Violet, Inc. has a 1-year low of $16.56 and a 1-year high of $43.44. The company has a market capitalization of $507.84 million, a P/E ratio of 101.18 and a beta of 1.57. The business's 50 day moving average is $38.09 and its 200-day moving average is $35.88.

Insider Buying and Selling at Red Violet

In other news, 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 value of $389,300.00. Following the completion of the transaction, the director now owns 141,138 shares of the company's stock, valued at $5,494,502.34. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 9.50% of the company's stock.

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.