Red Violet, Inc. (NASDAQ:RDVT) Shares Sold by Nantahala Capital Management LLC

Nantahala Capital Management LLC lowered its holdings in Red Violet, Inc. (NASDAQ:RDVT) by 59.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 452,457 shares of the company’s stock after selling 663,792 shares during the quarter. Red Violet accounts for 0.7% of Nantahala Capital Management LLC’s holdings, making the stock its 26th largest holding. Nantahala Capital Management LLC owned 3.30% of Red Violet worth $11,492,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP increased its position in shares of Red Violet by 58.6% during the first quarter. Wasatch Advisors LP now owns 663,828 shares of the company’s stock valued at $12,978,000 after acquiring an additional 245,224 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in Red Violet in the first quarter valued at approximately $978,000. Quadrature Capital Ltd acquired a new position in Red Violet during the fourth quarter worth $375,000. Legato Capital Management LLC purchased a new position in shares of Red Violet during the second quarter worth $595,000. Finally, Lazard Asset Management LLC grew its stake in shares of Red Violet by 352.9% in the first quarter. Lazard Asset Management LLC now owns 3,614 shares of the company’s stock valued at $70,000 after buying an additional 2,816 shares in the last quarter. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

Red Violet Stock Down 0.2 %

Shares of RDVT opened at $28.45 on Tuesday. The company has a market cap of $390.65 million, a P/E ratio of 27.89 and a beta of 1.48. Red Violet, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $30.47. The firm’s 50 day moving average price is $27.59 and its 200 day moving average price is $23.21.

Red Violet (NASDAQ:RDVT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.12 by $0.09. The business had revenue of $19.06 million during the quarter, compared to the consensus estimate of $17.53 million. Red Violet had a net margin of 23.49% and a return on equity of 18.99%. Research analysts forecast that Red Violet, Inc. will post 0.5 earnings per share for the current year.

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.