Red Violet (RDVT) Issues Earnings Results

Red Violet (NASDAQ:RDVT) released its quarterly earnings data on Wednesday. The company reported ($0.12) earnings per share (EPS) for the quarter, Morningstar.com reports. The business had revenue of $4.36 million during the quarter.

NASDAQ:RDVT traded down $0.11 during trading hours on Thursday, reaching $6.02. The stock had a trading volume of 40,300 shares, compared to its average volume of 112,335. Red Violet has a 52 week low of $4.35 and a 52 week high of $46.40.

In other news, major shareholder Michael Brauser acquired 23,000 shares of Red Violet stock in a transaction on Tuesday, October 2nd. The shares were acquired at an average price of $6.32 per share, with a total value of $145,360.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President James Patrick Reilly acquired 4,500 shares of Red Violet stock in a transaction on Tuesday, September 11th. The stock was purchased at an average cost of $6.60 per share, for a total transaction of $29,700.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 36,687 shares of company stock worth $243,187.

A hedge fund recently bought a new stake in Red Violet stock. Northern Trust Corp acquired a new position in Red Violet Inc (NASDAQ:RDVT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 33,995 shares of the company’s stock, valued at approximately $207,000. Northern Trust Corp owned about 0.33% of Red Violet at the end of the most recent reporting period. 5.98% of the stock is owned by institutional investors and hedge funds.

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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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