Globeflex Capital L P Grows Stock Position in Red Violet, Inc. (NASDAQ:RDVT)

Globeflex Capital L P lifted its stake in shares of Red Violet, Inc. (NASDAQ:RDVT) by 12.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 98,231 shares of the company’s stock after buying an additional 10,587 shares during the quarter. Globeflex Capital L P’s holdings in Red Violet were worth $3,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Red Violet during the fourth quarter worth approximately $232,000. Bailard Inc. purchased a new stake in shares of Red Violet during the fourth quarter worth approximately $243,000. SG Americas Securities LLC raised its stake in shares of Red Violet by 14.3% during 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. purchased a new stake in shares of Red Violet during the fourth quarter worth approximately $299,000. Finally, PDT Partners LLC purchased a new stake in shares of Red Violet during the third quarter worth approximately $325,000. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Red Violet Stock Performance

NASDAQ:RDVT opened at $37.28 on Friday. The stock has a fifty day moving average price of $37.53 and a two-hundred day moving average price of $34.11. The stock has a market capitalization of $519.65 million, a price-to-earnings ratio of 103.56 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.

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.