Barclays PLC Boosts Holdings in Red Violet, Inc. (NASDAQ:RDVT)

Barclays PLC boosted its position in shares of Red Violet, Inc. (NASDAQ:RDVT) by 10.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 20,463 shares of the company’s stock after purchasing an additional 1,961 shares during the quarter. Barclays PLC owned about 0.15% of Red Violet worth $740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Red Violet during the fourth quarter valued at approximately $88,000. Wells Fargo & Company MN lifted its position in Red Violet by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,688 shares of the company’s stock valued at $206,000 after acquiring an additional 2,089 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Red Violet during the 4th quarter valued at $207,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Red Violet in the 4th quarter worth $232,000. Finally, Bailard Inc. purchased a new position in shares of Red Violet in the fourth quarter worth $243,000. 63.56% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Steven D. Rubin sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total transaction of $389,300.00. Following the transaction, the director now owns 141,138 shares in the company, valued at $5,494,502.34. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.50% of the company’s stock.

Red Violet Price Performance

Red Violet stock opened at $39.58 on Wednesday. Red Violet, Inc. has a one year low of $17.65 and a one year high of $43.44. The business’s fifty day moving average is $37.70 and its 200 day moving average is $36.67. The stock has a market capitalization of $552.18 million, a PE ratio of 109.94 and a beta of 1.69.

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.