Oppenheimer Asset Management Inc. Sells 1,883 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Oppenheimer Asset Management Inc. trimmed its holdings in Red Violet, Inc. (NASDAQ:RDVT) by 12.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,758 shares of the company’s stock after selling 1,883 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.10% of Red Violet worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Lazard Asset Management LLC increased its stake in Red Violet by 352.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,614 shares of the company’s stock valued at $70,000 after purchasing an additional 2,816 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Red Violet during the 3rd quarter valued at $199,000. Cubist Systematic Strategies LLC bought a new stake in shares of Red Violet in the 2nd quarter worth $204,000. Rhumbline Advisers increased its holdings in shares of Red Violet by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 14,578 shares of the company’s stock worth $370,000 after purchasing an additional 781 shares in the last quarter. Finally, Pembroke Management LTD purchased a new position in shares of Red Violet in the third quarter worth $380,000. 63.56% of the stock is currently owned by institutional investors.

Red Violet Price Performance

Red Violet stock opened at $35.20 on Wednesday. Red Violet, Inc. has a one year low of $16.56 and a one year high of $35.74. The business’s fifty day moving average is $29.60 and its 200 day moving average is $26.12. The stock has a market capitalization of $485.41 million, a PE ratio of 97.64 and a beta of 1.46.

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.