Geode Capital Management LLC Increases Stake in Red Violet, Inc. (NASDAQ:RDVT)

Geode Capital Management LLC grew its holdings in shares of Red Violet, Inc. (NASDAQ:RDVT) by 1.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 256,418 shares of the company’s stock after buying an additional 3,009 shares during the period. Geode Capital Management LLC’s holdings in Red Violet were worth $7,297,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. SG Americas Securities LLC acquired a new position in Red Violet during the third quarter worth about $199,000. Cubist Systematic Strategies LLC purchased a new position in Red Violet in the 2nd quarter worth approximately $204,000. PDT Partners LLC acquired a new position in shares of Red Violet during the 3rd quarter worth approximately $325,000. BNP Paribas Financial Markets boosted its holdings 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. Finally, Rhumbline Advisers grew its position in shares of Red Violet by 5.7% in the second 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. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Insider Activity

In other Red Violet news, Director Peter Benz sold 22,300 shares of Red Violet stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total value of $834,689.00. Following the sale, the director now owns 80,766 shares in the company, valued at $3,023,071.38. The trade was a 21.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $372,500.00. Following the completion of the transaction, the president now directly owns 272,124 shares in the company, valued at approximately $10,136,619. This trade represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

Red Violet Stock Performance

Shares of Red Violet stock opened at $35.01 on Friday. The business’s 50 day moving average price is $35.54 and its 200 day moving average price is $29.83. The company has a market cap of $482.86 million, a price-to-earnings ratio of 97.25 and a beta of 1.49. Red Violet, Inc. has a one year low of $16.56 and a one year high of $39.88.

Red Violet Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, January 31st.

About Red Violet

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.