Red Violet (NASDAQ:RDVT) Trading 4.9% Higher

Red Violet, Inc. (NASDAQ:RDVTGet Free Report)’s stock price rose 4.9% during mid-day trading on Friday . The company traded as high as $18.97 and last traded at $18.71. Approximately 32,403 shares were traded during trading, an increase of 64% from the average daily volume of 19,811 shares. The stock had previously closed at $17.83.

Red Violet Stock Up 4.9 %

The business has a 50 day moving average of $19.24 and a 200 day moving average of $19.86. The company has a market capitalization of $260.82 million, a P/E ratio of 20.79 and a beta of 1.15.

Institutional Investors Weigh In On Red Violet

Several institutional investors have recently modified their holdings of RDVT. Royal Bank of Canada purchased a new position in Red Violet during the 1st quarter worth $28,000. BNP Paribas Arbitrage SA increased its holdings 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 worth $36,000 after purchasing an additional 1,885 shares during the period. Tower Research Capital LLC TRC increased its holdings 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 worth $54,000 after purchasing an additional 1,289 shares during the period. Barclays PLC increased its holdings in Red Violet by 542.0% during the 4th quarter. Barclays PLC now owns 2,613 shares of the company’s stock worth $60,000 after purchasing an additional 2,206 shares during the period. Finally, Citigroup Inc. purchased a new position in Red Violet during the 2nd quarter worth $68,000. 55.31% of the stock is owned by institutional investors.

Red Violet Company Profile

(Get Free Report)

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, 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.

Further Reading

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