PDT Partners LLC Purchases Shares of 11,441 Red Violet, Inc. (NASDAQ:RDVT)

PDT Partners LLC purchased a new stake in Red Violet, Inc. (NASDAQ:RDVT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,441 shares of the company’s stock, valued at approximately $325,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Red Violet in the 3rd quarter valued at approximately $199,000. Cubist Systematic Strategies LLC acquired a new position in Red Violet in the 2nd quarter valued at approximately $204,000. BNP Paribas Financial Markets increased 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 acquiring an additional 7,108 shares during the period. Rhumbline Advisers boosted its stake in shares of Red Violet by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 14,578 shares of the company’s stock valued at $370,000 after purchasing an additional 781 shares during the last quarter. Finally, Pembroke Management LTD bought a new stake in shares of Red Violet in the 3rd quarter valued at $380,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Red Violet Stock Performance

NASDAQ:RDVT opened at $37.59 on Wednesday. The firm’s fifty day moving average is $31.33 and its 200-day moving average is $27.44. Red Violet, Inc. has a 52 week low of $16.56 and a 52 week high of $39.27. The firm has a market cap of $518.37 million, a P/E ratio of 104.42 and a beta of 1.49.

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.