Bosun Asset Management LLC Invests $602,000 in Red Violet, Inc. (NASDAQ:RDVT)

Bosun Asset Management LLC purchased a new stake in shares of Red Violet, Inc. (NASDAQ:RDVT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,617 shares of the company’s stock, valued at approximately $602,000. Bosun Asset Management LLC owned 0.12% of Red Violet at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of America Corp DE increased its stake in shares of Red Violet by 29.4% during the fourth quarter. Bank of America Corp DE now owns 11,122 shares of the company’s stock valued at $403,000 after buying an additional 2,526 shares during the period. Algert Global LLC bought a new stake in Red Violet in the fourth quarter valued at $267,000. PDT Partners LLC increased its position in Red Violet by 32.1% during the 4th quarter. PDT Partners LLC now owns 15,109 shares of the company’s stock valued at $547,000 after purchasing an additional 3,668 shares during the period. Northern Trust Corp raised its holdings in Red Violet by 6.8% in the 4th quarter. Northern Trust Corp now owns 102,880 shares of the company’s stock worth $3,724,000 after purchasing an additional 6,544 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new stake in shares of Red Violet in the 4th quarter worth about $247,000. Institutional investors own 63.56% of the company’s stock.

Red Violet Price Performance

Shares of NASDAQ RDVT opened at $39.21 on Tuesday. Red Violet, Inc. has a 1 year low of $17.65 and a 1 year high of $43.44. The stock has a market capitalization of $547.02 million, a P/E ratio of 108.92 and a beta of 1.69. The company’s 50-day moving average is $37.67 and its 200 day moving average is $36.65.

Insider Buying and Selling at Red Violet

In other news, Director Steven D. Rubin sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total value of $389,300.00. Following the completion of the transaction, the director now owns 141,138 shares in the company, valued at $5,494,502.34. This trade represents a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.50% of the company’s stock.

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.