Red Violet (NASDAQ:RDVT) Sees Large Volume Increase – What’s Next?

Red Violet, Inc. (NASDAQ:RDVT) saw strong trading volume on Friday . 119,693 shares changed hands during trading, an increase of 150% from the previous session’s volume of 47,963 shares.The stock last traded at $38.01 and had previously closed at $36.53.

Red Violet Stock Up 4.3 %

The stock has a market capitalization of $525.54 million, a P/E ratio of 105.86 and a beta of 1.46. The firm has a fifty day moving average price of $30.22 and a two-hundred day moving average price of $26.51.

Institutional Investors Weigh In On Red Violet

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Red Violet by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 571,919 shares of the company’s stock valued at $11,181,000 after purchasing an additional 16,933 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Red Violet by 1.2% during the third quarter. Geode Capital Management LLC now owns 256,418 shares of the company’s stock valued at $7,297,000 after purchasing an additional 3,009 shares in the last quarter. State Street Corp lifted its holdings in shares of Red Violet by 5.7% during the third quarter. State Street Corp now owns 188,993 shares of the company’s stock valued at $5,377,000 after purchasing an additional 10,199 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Red Violet by 16.0% during the second quarter. Dimensional Fund Advisors LP now owns 86,511 shares of the company’s stock valued at $2,196,000 after buying an additional 11,964 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Red Violet by 323.4% in the 2nd quarter. Marshall Wace LLP now owns 56,561 shares of the company’s stock worth $1,437,000 after buying an additional 43,203 shares in the last quarter. Institutional investors own 63.56% of the company’s stock.

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.