Red Violet, Inc. (NASDAQ:RDVT) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its stake in shares of Red Violet, Inc. (NASDAQ:RDVT) by 3,125.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,032 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Red Violet were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in RDVT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Red Violet by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company’s stock valued at $227,000 after acquiring an additional 259 shares during the period. Rhumbline Advisers boosted its stake in Red Violet by 2.5% during the 1st quarter. Rhumbline Advisers now owns 16,304 shares of the company’s stock valued at $613,000 after purchasing an additional 393 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Red Violet by 3.2% during the 4th quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company’s stock valued at $1,235,000 after purchasing an additional 1,068 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Red Violet by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,083 shares of the company’s stock valued at $1,161,000 after purchasing an additional 1,181 shares in the last quarter. Finally, Barclays PLC boosted its stake in Red Violet by 10.6% during the 4th quarter. Barclays PLC now owns 20,463 shares of the company’s stock valued at $740,000 after purchasing an additional 1,961 shares in the last quarter. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Red Violet

In related news, insider Jeffrey Alan Dell sold 5,000 shares of Red Violet stock in a transaction on Friday, May 9th. The stock was sold at an average price of $46.20, for a total transaction of $231,000.00. Following the completion of the sale, the insider owned 172,968 shares of the company’s stock, valued at approximately $7,991,121.60. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Derek Dubner sold 10,000 shares of Red Violet stock in a transaction on Friday, May 9th. The shares were sold at an average price of $46.21, for a total value of $462,100.00. Following the sale, the chief executive officer directly owned 580,379 shares of the company’s stock, valued at approximately $26,819,313.59. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.90% of the company’s stock.

Red Violet Stock Down 0.2%

RDVT opened at $45.43 on Friday. The firm has a market cap of $634.20 million, a PE ratio of 74.48 and a beta of 1.76. The business has a fifty day simple moving average of $48.08 and a 200-day simple moving average of $41.37. Red Violet, Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $52.24.

Red Violet 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.