Insider Buying: Red Violet Inc (RDVT) Major Shareholder Acquires 2,000 Shares of Stock

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Red Violet Inc (NASDAQ:RDVT) major shareholder Michael Brauser bought 2,000 shares of Red Violet stock in a transaction on Monday, May 13th. The stock was acquired at an average price of $9.98 per share, for a total transaction of $19,960.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Michael Brauser also recently made the following trade(s):

  • On Friday, March 29th, Michael Brauser bought 6,500 shares of Red Violet stock. The stock was acquired at an average price of $6.75 per share, for a total transaction of $43,875.00.
  • On Tuesday, March 26th, Michael Brauser bought 4,000 shares of Red Violet stock. The stock was acquired at an average price of $6.65 per share, for a total transaction of $26,600.00.
  • On Friday, March 22nd, Michael Brauser bought 3,500 shares of Red Violet stock. The stock was acquired at an average price of $6.52 per share, for a total transaction of $22,820.00.
  • On Wednesday, March 20th, Michael Brauser bought 2,800 shares of Red Violet stock. The stock was acquired at an average price of $6.86 per share, for a total transaction of $19,208.00.
  • On Wednesday, March 13th, Michael Brauser bought 4,949 shares of Red Violet stock. The stock was acquired at an average price of $7.25 per share, for a total transaction of $35,880.25.
  • On Monday, March 11th, Michael Brauser bought 10,500 shares of Red Violet stock. The stock was acquired at an average price of $7.05 per share, for a total transaction of $74,025.00.
  • On Thursday, March 7th, Michael Brauser purchased 9,500 shares of Red Violet stock. The shares were purchased at an average price of $7.19 per share, for a total transaction of $68,305.00.

Shares of Red Violet stock traded up $0.13 during trading on Friday, hitting $10.15. 1,481 shares of the stock traded hands, compared to its average volume of 31,680. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.06 and a current ratio of 3.06. Red Violet Inc has a 52-week low of $4.76 and a 52-week high of $11.15.

Red Violet (NASDAQ:RDVT) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.14). The firm had revenue of $4.71 million for the quarter. Red Violet had a negative net margin of 32.93% and a negative return on equity of 16.62%.

Several institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. bought a new stake in Red Violet during the first quarter valued at about $67,000. Renaissance Technologies LLC boosted its position in Red Violet by 105.0% during the first quarter. Renaissance Technologies LLC now owns 20,500 shares of the company’s stock valued at $138,000 after purchasing an additional 10,500 shares in the last quarter. BlackRock Inc. bought a new stake in Red Violet during the third quarter valued at about $162,000. Dimensional Fund Advisors LP bought a new stake in Red Violet during the third quarter valued at about $350,000. Finally, Granite Investment Partners LLC bought a new stake in Red Violet during the first quarter valued at about $856,000. Hedge funds and other institutional investors own 11.11% of the company’s stock.

Separately, ValuEngine upgraded Red Violet from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th.

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About Red Violet

Red Violet, Inc, a software and services company, specializes in big data analysis providing cloud-based mission-critical information solutions to enterprises in various industries in the United States. Its proprietary platform includes CORE, a cloud-based technology platform, which serves various industries within risk management.

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Insider Buying and Selling by Quarter for Red Violet (NASDAQ:RDVT)

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