Red Violet, Inc. (NASDAQ:RDVT) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Red Violet, Inc. (NASDAQ:RDVT) by 14.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,990 shares of the company’s stock after acquiring an additional 998 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Red Violet worth $289,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in RDVT. Janus Henderson Group PLC grew its position in shares of Red Violet by 4.3% in the third quarter. Janus Henderson Group PLC now owns 24,305 shares of the company’s stock valued at $691,000 after purchasing an additional 992 shares during the period. Geode Capital Management LLC boosted its holdings in Red Violet by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 256,418 shares of the company’s stock worth $7,297,000 after buying an additional 3,009 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Red Violet in the 4th quarter worth about $232,000. BNP Paribas Financial Markets increased its stake in Red Violet by 157.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock worth $330,000 after buying an additional 7,108 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Red Violet during the second quarter valued at approximately $204,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Peter Benz sold 22,300 shares of Red Violet stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total transaction of $834,689.00. Following the transaction, the director now owns 80,766 shares in the company, valued at approximately $3,023,071.38. This trade represents a 21.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President James Patrick Reilly sold 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $37.25, for a total value of $372,500.00. Following the transaction, the president now directly owns 272,124 shares in the company, valued at $10,136,619. This trade represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by corporate insiders.

Red Violet Price Performance

NASDAQ RDVT opened at $39.96 on Thursday. Red Violet, Inc. has a 1-year low of $16.56 and a 1-year high of $40.07. The company has a market cap of $551.05 million, a PE ratio of 111.00 and a beta of 1.49. The stock’s 50 day simple moving average is $36.65 and its 200-day simple moving average is $31.77.

Red Violet Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, January 31st.

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.