Trigran Investments Inc. Cuts Holdings in Red Violet, Inc. (NASDAQ:RDVT)

Trigran Investments Inc. cut its holdings in shares of Red Violet, Inc. (NASDAQ:RDVT) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,595,399 shares of the company’s stock after selling 316,588 shares during the period. Red Violet accounts for 6.6% of Trigran Investments Inc.’s portfolio, making the stock its 8th biggest position. Trigran Investments Inc. owned approximately 0.12% of Red Violet worth $57,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RDVT. JPMorgan Chase & Co. increased its position in Red Violet by 114.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company’s stock valued at $889,000 after purchasing an additional 16,661 shares during the period. Salem Investment Counselors Inc. increased its position 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 valued at $916,000 after buying an additional 16,951 shares during the period. Barclays PLC raised its stake in Red Violet by 240.7% in the third quarter. Barclays PLC now owns 18,502 shares of the company’s stock worth $526,000 after buying an additional 13,072 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Red Violet by 14.3% in the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock worth $289,000 after buying an additional 998 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Red Violet during the 4th quarter valued at approximately $232,000. Institutional investors own 63.56% of the company’s stock.

Insiders Place Their Bets

In related news, Director Steven D. Rubin sold 10,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total value of $389,300.00. Following the completion of the transaction, the director now directly owns 141,138 shares in the company, valued at $5,494,502.34. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.50% of the stock is owned by corporate insiders.

Red Violet Stock Performance

Shares of NASDAQ:RDVT opened at $36.72 on Friday. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $43.44. The firm has a market capitalization of $511.84 million, a P/E ratio of 102.00 and a beta of 1.57. The stock has a 50 day moving average price of $38.17 and a 200-day moving average price of $35.76.

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.