Semanteon Capital Management LP Invests $325,000 in Red Violet, Inc. (NASDAQ:RDVT)

Semanteon Capital Management LP acquired a new position in shares of Red Violet, Inc. (NASDAQ:RDVT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,985 shares of the company’s stock, valued at approximately $325,000. Semanteon Capital Management LP owned approximately 0.07% of Red Violet as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Red Violet by 114.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company’s stock worth $889,000 after purchasing an additional 16,661 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of Red Violet by 202.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock worth $916,000 after purchasing an additional 16,951 shares in the last quarter. Barclays PLC raised its stake in Red Violet by 240.7% in the 3rd quarter. Barclays PLC now owns 18,502 shares of the company’s stock valued at $526,000 after acquiring an additional 13,072 shares during the period. SG Americas Securities LLC raised its stake in Red Violet by 14.3% in the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock valued at $289,000 after acquiring an additional 998 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Red Violet in the 4th quarter valued at $232,000. Institutional investors own 63.56% of the company’s stock.

Insider Activity at Red Violet

In related news, Director Steven D. Rubin sold 10,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total value of $389,300.00. Following the sale, the director now owns 141,138 shares in the company, valued at approximately $5,494,502.34. This represents a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.50% of the stock is owned by company insiders.

Red Violet Trading Up 0.1 %

RDVT opened at $38.64 on Friday. Red Violet, Inc. has a 1-year low of $16.56 and a 1-year high of $43.44. The stock’s fifty day simple moving average is $37.88 and its 200 day simple moving average is $34.44. The stock has a market cap of $538.60 million, a PE ratio of 107.33 and a beta of 1.63.

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.