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

PDT Partners LLC acquired a new position in shares of Red Violet, Inc. (NASDAQ:RDVT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,441 shares of the company’s stock, valued at approximately $325,000. PDT Partners LLC owned about 0.08% of Red Violet at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Red Violet during the 3rd quarter worth about $199,000. Cubist Systematic Strategies LLC acquired a new position in shares of Red Violet during the 2nd quarter worth about $204,000. BNP Paribas Financial Markets increased its stake in shares of Red Violet by 157.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock worth $330,000 after purchasing an additional 7,108 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Red Violet by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 14,578 shares of the company’s stock worth $370,000 after purchasing an additional 781 shares during the last quarter. Finally, Pembroke Management LTD acquired a new position in shares of Red Violet during the 3rd quarter worth about $380,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Red Violet news, Director Peter Benz sold 22,300 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total value of $834,689.00. Following the completion of the sale, the director now owns 80,766 shares of the company’s stock, valued at $3,023,071.38. The trade was a 21.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President James Patrick Reilly sold 10,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $10,136,619. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.

Red Violet Price Performance

Red Violet stock opened at $37.59 on Wednesday. The firm has a market capitalization of $518.37 million, a PE ratio of 104.42 and a beta of 1.49. The company’s 50-day moving average is $31.33 and its 200-day moving average is $27.44. Red Violet, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $39.27.

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.