Red Violet, Inc. (NASDAQ:RDVT) Position Reduced by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC lowered its stake in Red Violet, Inc. (NASDAQ:RDVT) by 12.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 60,097 shares of the company’s stock after selling 8,182 shares during the period. Essex Investment Management Co. LLC’s holdings in Red Violet were worth $2,176,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RDVT. Hennion & Walsh Asset Management Inc. acquired a new stake in Red Violet during the fourth quarter valued at approximately $232,000. Bailard Inc. acquired a new stake in shares of Red Violet during the 4th quarter valued at approximately $243,000. SG Americas Securities LLC lifted its stake in Red Violet by 14.3% during the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock worth $289,000 after purchasing an additional 998 shares during the last quarter. Bard Associates Inc. acquired a new position in Red Violet in the fourth quarter worth $299,000. Finally, White Pine Capital LLC bought a new stake in Red Violet during the fourth quarter valued at $381,000. Institutional investors and hedge funds own 63.56% of the company’s stock.

Red Violet Stock Performance

Shares of NASDAQ:RDVT opened at $35.95 on Monday. The company’s fifty day moving average is $37.50 and its two-hundred day moving average is $33.91. Red Violet, Inc. has a 1-year low of $16.56 and a 1-year high of $43.44. The stock has a market capitalization of $501.11 million, a price-to-earnings ratio of 99.86 and a beta of 1.63.

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.