SG Americas Securities LLC Buys New Stake in Red Violet, Inc. (NASDAQ:RDVT)

SG Americas Securities LLC bought a new stake in Red Violet, Inc. (NASDAQ:RDVT) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 6,992 shares of the company’s stock, valued at approximately $199,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of RDVT. Lazard Asset Management LLC grew its position in Red Violet by 352.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,614 shares of the company’s stock worth $70,000 after purchasing an additional 2,816 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Red Violet during the 2nd quarter worth $204,000. Rhumbline Advisers grew its position in 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. Quadrature Capital Ltd purchased a new position in Red Violet during the 4th quarter worth $375,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Red Violet during the 2nd quarter worth $397,000. 63.56% of the stock is owned by hedge funds and other institutional investors.

Red Violet Stock Performance

Shares of Red Violet stock opened at $29.58 on Wednesday. Red Violet, Inc. has a 1 year low of $16.56 and a 1 year high of $32.49. The company has a market capitalization of $406.13 million, a P/E ratio of 26.65 and a beta of 1.48. The company’s fifty day moving average is $28.35 and its two-hundred day moving average is $24.26.

Red Violet (NASDAQ:RDVT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.09. The company had revenue of $19.06 million for the quarter, compared to the consensus estimate of $17.53 million. Red Violet had a net margin of 23.49% and a return on equity of 18.99%. As a group, equities analysts expect that Red Violet, Inc. will post 0.5 earnings per share for the current year.

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.