Jane Street Group LLC Trims Stock Position in Red Violet, Inc. (NASDAQ:RDVT)

Jane Street Group LLC trimmed its position in shares of Red Violet, Inc. (NASDAQ:RDVT) by 5.9% during the third quarter, HoldingsChannel reports. The fund owned 14,712 shares of the company’s stock after selling 918 shares during the quarter. Jane Street Group LLC’s holdings in Red Violet were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RDVT. SG Americas Securities LLC acquired a new stake in shares of Red Violet in the 3rd quarter worth approximately $199,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Red Violet during the second quarter valued at $204,000. PDT Partners LLC purchased a new stake in Red Violet during the 3rd quarter worth about $325,000. BNP Paribas Financial Markets raised its stake 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. Finally, Rhumbline Advisers lifted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

Red Violet Stock Performance

Shares of RDVT opened at $35.18 on Wednesday. The company’s 50 day simple moving average is $35.83 and its 200 day simple moving average is $30.14. The company has a market capitalization of $485.20 million, a price-to-earnings ratio of 97.72 and a beta of 1.48. Red Violet, Inc. has a 1 year low of $16.56 and a 1 year high of $39.88.

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 paid a $0.30 dividend. The ex-dividend date is Friday, January 31st.

Insider Buying and Selling at Red Violet

In other Red Violet news, President James Patrick Reilly sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the president now owns 272,124 shares of the company’s stock, valued at $10,136,619. This trade represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 owns 80,766 shares in the company, valued at approximately $3,023,071.38. This trade represents a 21.64 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is owned by company insiders.

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.