Cubist Systematic Strategies LLC Buys Shares of 8,029 Red Violet, Inc. (NASDAQ:RDVT)

Cubist Systematic Strategies LLC acquired a new position in shares of Red Violet, Inc. (NASDAQ:RDVT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,029 shares of the company’s stock, valued at approximately $204,000. Cubist Systematic Strategies LLC owned approximately 0.06% of Red Violet at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wasatch Advisors LP increased its stake in shares of Red Violet by 58.6% during the 1st quarter. Wasatch Advisors LP now owns 663,828 shares of the company’s stock worth $12,978,000 after purchasing an additional 245,224 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Red Violet during the 1st quarter worth approximately $978,000. Quadrature Capital Ltd purchased a new position in shares of Red Violet during the 4th quarter worth approximately $375,000. Marshall Wace LLP increased its stake in shares of Red Violet by 323.4% during the 2nd quarter. Marshall Wace LLP now owns 56,561 shares of the company’s stock worth $1,437,000 after purchasing an additional 43,203 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new position in shares of Red Violet during the 2nd quarter worth approximately $595,000. 63.56% of the stock is owned by hedge funds and other institutional investors.

Red Violet Stock Performance

Shares of NASDAQ RDVT opened at $26.62 on Tuesday. Red Violet, Inc. has a 1 year low of $16.56 and a 1 year high of $30.47. The firm’s 50 day moving average price is $27.82 and its 200 day moving average price is $23.80. The firm has a market cap of $365.52 million, a P/E ratio of 26.10 and a beta of 1.48.

Red Violet (NASDAQ:RDVT) last announced its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. Red Violet had a net margin of 23.49% and a return on equity of 18.99%. The firm had revenue of $19.06 million for the quarter, compared to analyst estimates of $17.53 million. As a group, equities analysts predict that Red Violet, Inc. will post 0.5 EPS for the current year.

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.