Semanteon Capital Management LP Makes New Investment in Red Violet, Inc. (NASDAQ:RDVT)

Semanteon Capital Management LP acquired a new position in shares of Red Violet, Inc. (NASDAQ:RDVT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,985 shares of the company’s stock, valued at approximately $325,000.

Several other large investors have also recently added to or reduced their stakes in RDVT. Annex Advisory Services LLC bought a new position in Red Violet during the 4th quarter worth $1,080,000. Walleye Capital LLC acquired a new stake in shares of Red Violet during the 3rd quarter worth $532,000. Ellsworth Advisors LLC acquired a new stake in shares of Red Violet during the 4th quarter worth $619,000. Salem Investment Counselors Inc. grew its holdings in shares of Red Violet by 202.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock worth $916,000 after purchasing an additional 16,951 shares in the last quarter. Finally, Pembroke Management LTD grew its holdings in shares of Red Violet by 125.1% during the 4th quarter. Pembroke Management LTD now owns 30,052 shares of the company’s stock worth $1,088,000 after purchasing an additional 16,703 shares in the last quarter. Institutional investors own 63.56% of the company’s stock.

Insider Transactions at Red Violet

In other news, Director Steven D. Rubin sold 10,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total transaction of $389,300.00. Following the sale, the director now directly owns 141,138 shares of the company’s stock, valued at approximately $5,494,502.34. This represents a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.50% of the stock is currently owned by insiders.

Red Violet Stock Performance

RDVT opened at $38.64 on Friday. The firm has a market cap of $538.60 million, a P/E ratio of 107.33 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. The business’s fifty day moving average is $37.88 and its 200-day moving average is $34.44.

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.