Red Violet, Inc. (NASDAQ:RDVT) Shares Acquired by Globeflex Capital L P

Globeflex Capital L P lifted its stake in shares of Red Violet, Inc. (NASDAQ:RDVT) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 98,231 shares of the company’s stock after buying an additional 10,587 shares during the quarter. Globeflex Capital L P owned approximately 0.71% of Red Violet worth $3,556,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RDVT. Annex Advisory Services LLC acquired a new position in shares of Red Violet during the fourth quarter worth about $1,080,000. Walleye Capital LLC acquired a new position in Red Violet in the third quarter valued at approximately $532,000. Ellsworth Advisors LLC acquired a new position in Red Violet in the fourth quarter valued at approximately $619,000. Salem Investment Counselors Inc. boosted its holdings in Red Violet by 202.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock valued at $916,000 after purchasing an additional 16,951 shares in the last quarter. Finally, Pembroke Management LTD boosted its holdings in Red Violet by 125.1% in the fourth quarter. Pembroke Management LTD now owns 30,052 shares of the company’s stock valued at $1,088,000 after purchasing an additional 16,703 shares in the last quarter. 63.56% of the stock is owned by institutional investors and hedge funds.

Red Violet Stock Up 2.8 %

Shares of RDVT opened at $37.28 on Friday. The stock has a 50 day moving average price of $37.53 and a 200 day moving average price of $34.11. The company has a market capitalization of $519.65 million, a price-to-earnings ratio of 103.56 and a beta of 1.63. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $43.44.

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.