Vanguard Group Inc. Buys 1,170 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Vanguard Group Inc. lifted its position in Red Violet, Inc. (NASDAQ:RDVT) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,552 shares of the company’s stock after acquiring an additional 1,170 shares during the quarter. Vanguard Group Inc. owned approximately 4.41% of Red Violet worth $22,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RDVT. State Street Corp grew its position in Red Violet by 5.7% in the 3rd quarter. State Street Corp now owns 188,993 shares of the company’s stock worth $5,377,000 after purchasing an additional 10,199 shares in the last quarter. Barclays PLC boosted its stake in shares of Red Violet by 240.7% in the 3rd quarter. Barclays PLC now owns 18,502 shares of the company’s stock worth $526,000 after buying an additional 13,072 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Red Violet by 1.2% in the third quarter. Geode Capital Management LLC now owns 256,418 shares of the company’s stock valued at $7,297,000 after acquiring an additional 3,009 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Red Violet by 114.3% during the third quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company’s stock valued at $889,000 after acquiring an additional 16,661 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its holdings in Red Violet by 202.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock worth $916,000 after acquiring an additional 16,951 shares during the period. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven D. Rubin sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total transaction of $389,300.00. Following the completion of the sale, the director now owns 141,138 shares in the company, valued at approximately $5,494,502.34. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 9.50% of the stock is owned by insiders.

Red Violet Price Performance

Shares of NASDAQ:RDVT opened at $37.49 on Wednesday. Red Violet, Inc. has a 1 year low of $16.56 and a 1 year high of $43.44. The company has a market capitalization of $522.57 million, a PE ratio of 104.14 and a beta of 1.57. The business has a fifty day moving average price of $38.35 and a two-hundred day moving average price of $35.56.

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.