State Board of Administration of Florida Retirement System Takes Position in Red Violet, Inc. (NASDAQ:RDVT)

State Board of Administration of Florida Retirement System bought a new stake in Red Violet, Inc. (NASDAQ:RDVT – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,030 shares of the company’s stock, valued at approximately $208,000. State Board of Administration of Florida Retirement System owned about 0.07% of Red Violet at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RDVT. Royal Bank of Canada bought a new stake in shares of Red Violet in the 1st quarter valued at about $28,000. BNP Paribas Arbitrage SA raised its position in Red Violet by 10,472.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,903 shares of the company’s stock valued at $36,000 after purchasing an additional 1,885 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Red Violet by 70.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,113 shares of the company’s stock valued at $54,000 after purchasing an additional 1,289 shares during the last quarter. UBS Group AG raised its position in Red Violet by 53.6% during the 3rd quarter. UBS Group AG now owns 4,259 shares of the company’s stock valued at $74,000 after purchasing an additional 1,486 shares during the last quarter. Finally, American International Group Inc. bought a new position in Red Violet during the 2nd quarter valued at approximately $84,000. Institutional investors own 53.10% of the company’s stock.

Red Violet Price Performance

RDVT opened at $22.55 on Tuesday. The business has a 50 day simple moving average of $17.49 and a two-hundred day simple moving average of $20.64. The firm has a market capitalization of $313.90 million, a price-to-earnings ratio of 281.88 and a beta of 1.22. Red Violet, Inc. has a one year low of $14.89 and a one year high of $27.61.

Red Violet (NASDAQ:RDVT – Get Rating) last released its quarterly earnings results on Wednesday, March 8th. The company reported ($0.12) EPS for the quarter. The business had revenue of $13.07 million for the quarter. Red Violet had a net margin of 2.22% and a return on equity of 1.71%.

Red Violet Profile

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Red Violet, Inc engages in the provision of software and proprietary technology services. It specializes in data analysis, which provides cloud-based, mission-critical information solutions to enterprises in a variety of industries. Its brands include IDI and Forewarn. The company was founded in August 2017 and is headquartered in Boca Raton, FL.