Geode Capital Management LLC Boosts Holdings in Red Violet, Inc. (NASDAQ:RDVT)

Geode Capital Management LLC raised its stake in shares of Red Violet, Inc. (NASDAQ:RDVT) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 256,418 shares of the company’s stock after buying an additional 3,009 shares during the period. Geode Capital Management LLC owned about 1.86% of Red Violet worth $7,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. SG Americas Securities LLC purchased a new position in Red Violet during the third quarter valued at approximately $199,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Red Violet during the 2nd quarter worth approximately $204,000. PDT Partners LLC acquired a new stake in shares of Red Violet during the 3rd quarter worth approximately $325,000. BNP Paribas Financial Markets increased 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 valued at $330,000 after purchasing an additional 7,108 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Red Violet by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 14,578 shares of the company’s stock valued at $370,000 after purchasing an additional 781 shares during the period. Institutional investors and hedge funds own 63.56% of the company’s stock.

Insiders Place Their Bets

In other Red Violet news, President James Patrick Reilly sold 10,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $37.25, for a total transaction of $372,500.00. Following the transaction, the president now directly owns 272,124 shares of the company’s stock, valued at $10,136,619. This trade represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter Benz sold 22,300 shares of Red Violet stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total transaction of $834,689.00. Following the completion of the sale, the director now owns 80,766 shares in the company, valued at approximately $3,023,071.38. This trade represents a 21.64 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by company insiders.

Red Violet Stock Performance

RDVT opened at $35.01 on Friday. The company has a fifty day moving average of $35.54 and a two-hundred day moving average of $29.83. The stock has a market capitalization of $482.86 million, a price-to-earnings ratio of 97.25 and a beta of 1.49. Red Violet, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $39.88.

Red Violet Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.30 dividend. 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.