Algert Global LLC Invests $267,000 in Red Violet, Inc. (NASDAQ:RDVT)

Algert Global LLC purchased a new position in Red Violet, Inc. (NASDAQ:RDVT) during the 4th quarter, HoldingsChannel reports. The fund purchased 7,383 shares of the company’s stock, valued at approximately $267,000.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Red Violet by 114.3% in the third quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company’s stock worth $889,000 after purchasing an additional 16,661 shares during the period. Salem Investment Counselors Inc. grew its position in Red Violet by 202.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock worth $916,000 after acquiring an additional 16,951 shares in the last quarter. Barclays PLC grew its position 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 acquiring an additional 13,072 shares in the last quarter. SG Americas Securities LLC grew its position 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 acquiring an additional 998 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Red Violet in the fourth quarter worth $232,000. Institutional investors own 63.56% of the company’s stock.

Red Violet Stock Performance

Shares of NASDAQ:RDVT opened at $46.08 on Tuesday. Red Violet, Inc. has a 52-week low of $19.60 and a 52-week high of $47.09. The firm has a fifty day moving average of $38.12 and a 200 day moving average of $37.15. The firm has a market capitalization of $643.09 million, a PE ratio of 128.00 and a beta of 1.69.

Insider Buying and Selling

In related news, insider Jeffrey Alan Dell sold 5,000 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $46.20, for a total value of $231,000.00. Following the completion of the transaction, the insider now directly owns 172,968 shares in the company, valued at approximately $7,991,121.60. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven D. Rubin sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total transaction of $389,300.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock worth $1,082,400. Corporate insiders own 9.50% of the company’s stock.

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.