Quantbot Technologies LP Purchases Shares of 2,431 Red Violet, Inc. (NASDAQ:RDVT)

Quantbot Technologies LP acquired a new position in Red Violet, Inc. (NASDAQ:RDVT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,431 shares of the company’s stock, valued at approximately $88,000.

A number of other institutional investors also recently made changes to their positions in RDVT. Hennion & Walsh Asset Management Inc. purchased a new stake in Red Violet during the 4th quarter valued at about $232,000. Bailard Inc. purchased a new stake in shares of Red Violet during the fourth quarter valued at approximately $243,000. SG Americas Securities LLC grew its holdings in shares of Red Violet by 14.3% in the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock worth $289,000 after purchasing an additional 998 shares during the last quarter. Bard Associates Inc. bought a new position in shares of Red Violet in the fourth quarter worth approximately $299,000. Finally, PDT Partners LLC purchased a new position in shares of Red Violet in the third quarter worth $325,000. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Insider Buying and Selling

In other Red Violet news, Director Steven D. Rubin sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were 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 directly owns 141,138 shares in the company, valued at approximately $5,494,502.34. This represents a 6.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.50% of the stock is currently owned by insiders.

Red Violet Trading Up 0.7 %

Shares of NASDAQ:RDVT opened at $37.59 on Tuesday. The company has a 50-day moving average price of $38.37 and a 200-day moving average price of $34.96. The company has a market cap of $523.97 million, a price-to-earnings ratio of 104.42 and a beta of 1.63. Red Violet, Inc. has a 12 month low of $16.56 and a 12 month high of $43.44.

About Red Violet

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.