Nantahala Capital Management LLC Sells 30,000 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Nantahala Capital Management LLC lessened its position in shares of Red Violet, Inc. (NASDAQ:RDVT) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 422,466 shares of the company’s stock after selling 30,000 shares during the quarter. Red Violet comprises 0.7% of Nantahala Capital Management LLC’s holdings, making the stock its 26th biggest position. Nantahala Capital Management LLC owned 3.06% of Red Violet worth $15,293,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RDVT. Quantbot Technologies LP bought a new position in shares of Red Violet during the 4th quarter worth approximately $88,000. Wells Fargo & Company MN grew its holdings in shares of Red Violet by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,688 shares of the company’s stock valued at $206,000 after buying an additional 2,089 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Red Violet during the fourth quarter valued at $207,000. Hsbc Holdings PLC acquired a new position in shares of Red Violet in the 4th quarter valued at $215,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Red Violet during the 4th quarter worth about $232,000. Institutional investors own 63.56% of the company’s stock.

Insiders Place Their Bets

In other Red Violet news, Director Steven D. Rubin sold 10,000 shares of Red Violet stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total transaction of $389,300.00. Following the completion of the sale, the director now owns 141,138 shares of the company’s stock, valued at approximately $5,494,502.34. The trade was a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.50% of the stock is currently owned by insiders.

Red Violet Stock Performance

Shares of RDVT opened at $37.30 on Monday. The stock has a 50-day moving average of $37.70 and a two-hundred day moving average of $36.19. Red Violet, Inc. has a one year low of $16.57 and a one year high of $43.44. The stock has a market cap of $519.92 million, a P/E ratio of 103.61 and a beta of 1.57.

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.