Oppenheimer Asset Management Inc. Decreases Holdings in Red Violet, Inc. (NASDAQ:RDVT)

Oppenheimer Asset Management Inc. reduced its position in Red Violet, Inc. (NASDAQ:RDVT) by 12.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,758 shares of the company’s stock after selling 1,883 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Red Violet were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Los Angeles Capital Management LLC lifted 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 valued at $1,595,000 after acquiring an additional 34,348 shares during the period. Pembroke Management LTD bought a new position in shares of Red Violet in the 3rd quarter worth approximately $380,000. SG Americas Securities LLC bought a new position in shares of Red Violet in the 3rd quarter worth approximately $199,000. Cubist Systematic Strategies LLC purchased a new position in shares of Red Violet in the second quarter worth approximately $204,000. Finally, Squarepoint Ops LLC grew its position in Red Violet by 28.4% during the second quarter. Squarepoint Ops LLC now owns 29,804 shares of the company’s stock valued at $757,000 after buying an additional 6,599 shares during the period. Institutional investors own 63.56% of the company’s stock.

Red Violet Trading Up 4.5 %

Shares of RDVT stock opened at $35.20 on Wednesday. The company has a 50 day simple moving average of $29.60 and a two-hundred day simple moving average of $26.12. The stock has a market cap of $485.41 million, a P/E ratio of 97.64 and a beta of 1.46. Red Violet, Inc. has a 12 month low of $16.56 and a 12 month high of $35.74.

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.