Red Violet, Inc. (NASDAQ:RDVT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its stake in shares of Red Violet, Inc. (NASDAQ:RDVT) by 5.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,712 shares of the company’s stock after selling 918 shares during the quarter. Jane Street Group LLC owned about 0.11% of Red Violet worth $419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Red Violet during the 3rd quarter worth $199,000. Cubist Systematic Strategies LLC acquired a new stake in Red Violet during the second quarter worth about $204,000. PDT Partners LLC purchased a new position in Red Violet during the third quarter worth about $325,000. BNP Paribas Financial Markets raised its stake in Red Violet by 157.8% during the third quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock worth $330,000 after purchasing an additional 7,108 shares during the period. Finally, Rhumbline Advisers boosted its holdings in 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 last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

Red Violet Stock Down 1.8 %

RDVT stock opened at $35.18 on Wednesday. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $39.88. The stock has a market cap of $485.20 million, a price-to-earnings ratio of 97.72 and a beta of 1.48. The business has a fifty day moving average of $35.83 and a two-hundred day moving average of $30.14.

Red Violet Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, January 31st.

Insider Buying and Selling at Red Violet

In related news, President James Patrick Reilly sold 10,000 shares of the business’s 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 completion of the transaction, the president now owns 272,124 shares in the company, valued at approximately $10,136,619. The trade was a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter Benz sold 22,300 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total value of $834,689.00. Following the completion of the transaction, the director now owns 80,766 shares in the company, valued at approximately $3,023,071.38. The trade was 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 corporate insiders.

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.