Legato Capital Management LLC Has $651,000 Position in Red Violet, Inc. (NASDAQ:RDVT)

Legato Capital Management LLC lowered its position in Red Violet, Inc. (NASDAQ:RDVT) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,988 shares of the company’s stock after selling 5,447 shares during the period. Legato Capital Management LLC owned 0.13% of Red Violet worth $651,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RDVT. SG Americas Securities LLC acquired a new position in Red Violet in the third quarter worth approximately $199,000. Pembroke Management LTD acquired a new position in Red Violet in the third quarter worth approximately $380,000. Los Angeles Capital Management LLC increased its holdings in Red Violet by 158.3% in the third quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company’s stock worth $1,595,000 after buying an additional 34,348 shares during the last quarter. BNP Paribas Financial Markets grew 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 purchasing an additional 7,108 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in Red Violet during the third quarter valued at approximately $532,000. Institutional investors and hedge funds own 63.56% of the company’s stock.

Red Violet Stock Up 5.2 %

Shares of RDVT stock opened at $42.35 on Friday. Red Violet, Inc. has a 12 month low of $16.56 and a 12 month high of $42.70. The business’s 50 day moving average is $36.91 and its two-hundred day moving average is $32.25. The company has a market cap of $584.01 million, a PE ratio of 117.64 and a beta of 1.49.

Red Violet Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, January 31st.

Insider Buying and Selling at Red Violet

In other news, Director Peter Benz sold 22,300 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total value of $834,689.00. Following the sale, the director now owns 80,766 shares in the company, valued at approximately $3,023,071.38. This trade represents a 21.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President James Patrick Reilly sold 10,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $37.25, for a total transaction of $372,500.00. Following the completion of the sale, the president now owns 272,124 shares in the company, valued at approximately $10,136,619. The trade was a 3.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

Red Violet Company 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.