Red Violet, Inc. (NASDAQ:RDVT) Shares Sold by Cove Street Capital LLC

Cove Street Capital LLC trimmed its stake in Red Violet, Inc. (NASDAQ:RDVT) by 79.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 17,340 shares of the company’s stock after selling 66,071 shares during the quarter. Cove Street Capital LLC’s holdings in Red Violet were worth $629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Red Violet by 157.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock valued at $330,000 after purchasing an additional 7,108 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Red Violet in the third quarter valued at approximately $532,000. PDT Partners LLC bought a new stake in shares of Red Violet during the third quarter valued at approximately $325,000. Janus Henderson Group PLC boosted its position in shares of Red Violet by 4.3% during the third quarter. Janus Henderson Group PLC now owns 24,305 shares of the company’s stock worth $691,000 after buying an additional 992 shares during the period. Finally, State Street Corp grew its holdings in Red Violet by 5.7% in 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 in the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven D. Rubin sold 10,000 shares of the stock in a transaction that occurred 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 $5,494,502.34. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 9.50% of the stock is owned by insiders.

Red Violet Stock Performance

NASDAQ:RDVT opened at $37.33 on Friday. The stock has a market cap of $520.34 million, a price-to-earnings ratio of 103.69 and a beta of 1.63. Red Violet, Inc. has a 1 year low of $16.56 and a 1 year high of $43.44. The business has a fifty day moving average of $38.33 and a 200-day moving average of $34.85.

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.