10,521 Shares in Red Violet, Inc. (NASDAQ:RDVT) Acquired by White Pine Capital LLC

White Pine Capital LLC acquired a new stake in shares of Red Violet, Inc. (NASDAQ:RDVT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,521 shares of the company’s stock, valued at approximately $381,000. White Pine Capital LLC owned 0.08% of Red Violet as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in RDVT. Los Angeles Capital Management LLC grew its stake in Red Violet by 158.3% during the third quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company’s stock worth $1,595,000 after buying an additional 34,348 shares during the last quarter. Annex Advisory Services LLC bought a new stake in Red Violet during the 4th quarter worth approximately $1,080,000. Walleye Capital LLC acquired a new stake in Red Violet during the 3rd quarter valued at $532,000. Ellsworth Advisors LLC bought a new stake in shares of Red Violet during the fourth quarter worth $619,000. Finally, Salem Investment Counselors Inc. grew its holdings in shares of Red Violet by 202.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock worth $916,000 after purchasing an additional 16,951 shares during the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

Insider Activity

In related 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 value of $372,500.00. Following the transaction, the president now directly owns 272,124 shares in the company, valued at $10,136,619. This represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $834,689.00. Following the sale, the director now directly owns 80,766 shares of the company’s stock, valued at $3,023,071.38. This 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 insiders.

Red Violet Stock Up 5.2 %

Red Violet stock opened at $42.35 on Friday. The stock has a 50-day simple moving average of $36.91 and a 200 day simple moving average of $32.25. The stock has a market capitalization of $584.01 million, a price-to-earnings ratio of 117.64 and a beta of 1.49. Red Violet, Inc. has a 12-month low of $16.56 and a 12-month high of $42.70.

Red Violet Dividend Announcement

The business also recently announced 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.

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.