Bailard Inc. Takes $243,000 Position in Red Violet, Inc. (NASDAQ:RDVT)

Bailard Inc. acquired a new stake in Red Violet, Inc. (NASDAQ:RDVT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,700 shares of the company’s stock, valued at approximately $243,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RDVT. Hennion & Walsh Asset Management Inc. acquired a new position in Red Violet during the fourth quarter valued at approximately $232,000. SG Americas Securities LLC grew its stake in Red Violet by 14.3% in the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock valued at $289,000 after buying an additional 998 shares during the last quarter. White Pine Capital LLC bought a new position in Red Violet in the 4th quarter worth $381,000. PDT Partners LLC acquired a new position in Red Violet during the 3rd quarter worth $325,000. Finally, BNP Paribas Financial Markets boosted its holdings in Red Violet by 157.8% during the third quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock valued at $330,000 after acquiring an additional 7,108 shares during the period. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Red Violet Stock Performance

Shares of NASDAQ:RDVT opened at $38.49 on Thursday. The stock’s 50-day moving average is $37.53 and its 200-day moving average is $33.77. The company has a market cap of $530.85 million, a P/E ratio of 106.92 and a beta of 1.49. 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.