Red Violet (NASDAQ:RDVT) released its quarterly earnings results on Thursday. The company reported ($0.09) EPS for the quarter, reports. The firm had revenue of $8.26 million for the quarter. Red Violet had a negative net margin of 38.64% and a negative return on equity of 16.91%.
RDVT stock traded up $0.29 during midday trading on Friday, hitting $16.00. 134,500 shares of the stock traded hands, compared to its average volume of 34,758. The stock’s fifty day simple moving average is $14.23 and its 200-day simple moving average is $12.68. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.08. Red Violet has a 1-year low of $5.51 and a 1-year high of $17.50.
Several large investors have recently bought and sold shares of RDVT. BlackRock Inc. lifted its stake in shares of Red Violet by 17.8% in the second quarter. BlackRock Inc. now owns 27,958 shares of the company’s stock worth $347,000 after buying an additional 4,229 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Red Violet in the second quarter worth about $570,000. Renaissance Technologies LLC lifted its stake in shares of Red Violet by 222.5% in the second quarter. Renaissance Technologies LLC now owns 66,114 shares of the company’s stock worth $820,000 after buying an additional 45,614 shares in the last quarter. SG Capital Management LLC purchased a new position in shares of Red Violet in the third quarter worth about $1,601,000. Finally, Vanguard Group Inc. lifted its stake in shares of Red Violet by 1.3% in the second quarter. Vanguard Group Inc. now owns 168,125 shares of the company’s stock worth $2,085,000 after buying an additional 2,100 shares in the last quarter. 16.86% of the stock is currently owned by hedge funds and other institutional investors.
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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