White Pine Capital LLC Takes Position in Red Violet, Inc. (NASDAQ:RDVT)

White Pine Capital LLC bought a new stake in Red Violet, Inc. (NASDAQ:RDVT) during the fourth quarter, HoldingsChannel.com reports. The fund bought 10,521 shares of the company’s stock, valued at approximately $381,000.

Several other institutional investors have also recently bought and sold shares of RDVT. JPMorgan Chase & Co. raised its holdings in shares of Red Violet by 114.3% in the third quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company’s stock valued at $889,000 after purchasing an additional 16,661 shares during the last quarter. Salem Investment Counselors Inc. lifted its position in Red Violet by 202.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock worth $916,000 after buying an additional 16,951 shares in the last quarter. Barclays PLC boosted its stake in shares of Red Violet by 240.7% during the 3rd quarter. Barclays PLC now owns 18,502 shares of the company’s stock worth $526,000 after buying an additional 13,072 shares during the last quarter. SG Americas Securities LLC increased its position 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 valued at $289,000 after acquiring an additional 998 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Red Violet by 158.3% during the third quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company’s stock worth $1,595,000 after acquiring an additional 34,348 shares in the last quarter. Institutional investors own 63.56% of the company’s stock.

Insider Buying and Selling at Red Violet

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

Red Violet Trading Up 5.2 %

Shares of RDVT opened at $42.35 on Friday. The company has a market cap of $584.01 million, a price-to-earnings ratio of 117.64 and a beta of 1.49. The company’s fifty day simple moving average is $36.91 and its 200 day simple moving average is $32.25. Red Violet, Inc. has a 1-year low of $16.56 and a 1-year high of $42.70.

Red Violet Dividend Announcement

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