6,992 Shares in Red Violet, Inc. (NASDAQ:RDVT) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of Red Violet, Inc. (NASDAQ:RDVT) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,992 shares of the company’s stock, valued at approximately $199,000. SG Americas Securities LLC owned 0.05% of Red Violet as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new stake in Red Violet during the 4th quarter worth approximately $375,000. Wasatch Advisors LP lifted its holdings in Red Violet by 58.6% during the 1st quarter. Wasatch Advisors LP now owns 663,828 shares of the company’s stock worth $12,978,000 after buying an additional 245,224 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in Red Violet during the 1st quarter worth approximately $978,000. Cove Street Capital LLC acquired a new stake in Red Violet during the 1st quarter worth approximately $5,376,000. Finally, Vanguard Group Inc. lifted its holdings in Red Violet by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 571,919 shares of the company’s stock worth $11,181,000 after buying an additional 16,933 shares in the last quarter. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Red Violet Stock Down 2.3 %

Red Violet stock opened at $29.58 on Wednesday. The firm has a market cap of $406.13 million, a PE ratio of 26.65 and a beta of 1.48. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $32.49. The company’s 50 day moving average is $28.35 and its two-hundred day moving average is $24.26.

Red Violet (NASDAQ:RDVT) last released its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. The company had revenue of $19.06 million for the quarter, compared to analyst estimates of $17.53 million. Red Violet had a net margin of 23.49% and a return on equity of 18.99%. On average, equities research analysts anticipate that Red Violet, Inc. will post 0.5 earnings per share for the current fiscal year.

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.