Nuveen Asset Management LLC Has $1.82 Million Stock Holdings in Red Violet, Inc. (NASDAQ:RDVT)

Nuveen Asset Management LLC reduced its holdings in shares of Red Violet, Inc. (NASDAQ:RDVT) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,154 shares of the company’s stock after selling 1,280 shares during the quarter. Nuveen Asset Management LLC owned 0.36% of Red Violet worth $1,816,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RDVT. Wasatch Advisors LP raised its position in Red Violet by 23.7% in the fourth quarter. Wasatch Advisors LP now owns 676,399 shares of the company’s stock worth $24,486,000 after acquiring an additional 129,519 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Red Violet by 98.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 131,988 shares of the company’s stock worth $4,778,000 after acquiring an additional 65,561 shares during the last quarter. Uniplan Investment Counsel Inc. raised its holdings in Red Violet by 27.0% during the 4th quarter. Uniplan Investment Counsel Inc. now owns 109,209 shares of the company’s stock valued at $3,953,000 after buying an additional 23,213 shares during the last quarter. Marshall Wace LLP raised its holdings in Red Violet by 22.5% during the 4th quarter. Marshall Wace LLP now owns 107,886 shares of the company’s stock valued at $3,905,000 after buying an additional 19,835 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Red Violet by 9.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 107,211 shares of the company’s stock worth $3,882,000 after purchasing an additional 9,404 shares in the last quarter. 63.56% of the stock is owned by institutional investors.

Insider Transactions at Red Violet

In related news, CEO Derek Dubner sold 10,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $46.21, for a total transaction of $462,100.00. Following the sale, the chief executive officer now directly owns 580,379 shares of the company’s stock, valued at approximately $26,819,313.59. This represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Alan Dell sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $46.20, for a total transaction of $231,000.00. Following the sale, the insider now directly owns 172,968 shares in the company, valued at approximately $7,991,121.60. The trade was a 2.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $1,082,400 in the last three months. 9.50% of the stock is currently owned by company insiders.

Red Violet Trading Up 2.8%

Shares of NASDAQ RDVT opened at $47.96 on Wednesday. The firm has a fifty day simple moving average of $41.74 and a two-hundred day simple moving average of $38.99. The firm has a market capitalization of $669.33 million, a PE ratio of 133.22 and a beta of 1.69. Red Violet, Inc. has a 12 month low of $20.61 and a 12 month high of $51.10.

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.