JPMorgan Chase & Co. raised its holdings in Red Violet, Inc. (NASDAQ:RDVT – Free Report) by 114.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,243 shares of the company’s stock after purchasing an additional 16,661 shares during the period. JPMorgan Chase & Co. owned about 0.23% of Red Violet worth $889,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Rhumbline Advisers grew its stake in Red Violet by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 14,578 shares of the company’s stock valued at $370,000 after acquiring an additional 781 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Red Violet by 16.0% during the second quarter. Dimensional Fund Advisors LP now owns 86,511 shares of the company’s stock valued at $2,196,000 after purchasing an additional 11,964 shares in the last quarter. Marshall Wace LLP grew its position in shares of Red Violet by 323.4% in the second quarter. Marshall Wace LLP now owns 56,561 shares of the company’s stock valued at $1,437,000 after purchasing an additional 43,203 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Red Violet in the second quarter valued at about $204,000. Finally, Squarepoint Ops LLC increased its stake in shares of Red Violet by 28.4% during the second quarter. Squarepoint Ops LLC now owns 29,804 shares of the company’s stock worth $757,000 after purchasing an additional 6,599 shares in the last quarter. 63.56% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Red Violet
In other news, Director Peter Benz sold 22,300 shares of Red Violet stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total transaction of $834,689.00. Following the sale, the director now owns 80,766 shares of the company’s stock, valued at approximately $3,023,071.38. The trade was a 21.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President James Patrick Reilly sold 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $37.25, for a total value of $372,500.00. Following the completion of the transaction, the president now owns 272,124 shares of the company’s stock, valued at $10,136,619. The trade was a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.50% of the stock is owned by insiders.
Red Violet Price Performance
Red Violet Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, January 31st.
About Red Violet
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.
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