Ameriprise Financial Inc. Sells 922 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Ameriprise Financial Inc. reduced its position in shares of Red Violet, Inc. (NASDAQ:RDVT) by 0.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 362,747 shares of the company’s stock after selling 922 shares during the quarter. Ameriprise Financial Inc.’s holdings in Red Violet were worth $13,131,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Red Violet

In other news, CEO Derek Dubner sold 10,000 shares of the 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 completion of the transaction, the chief executive officer now owns 580,379 shares in the company, valued at approximately $26,819,313.59. This represents a 1.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Alan Dell sold 5,000 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $46.20, for a total transaction of $231,000.00. Following the completion of the transaction, the insider now owns 172,968 shares of the company’s stock, valued at approximately $7,991,121.60. This represents a 2.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $1,082,400 in the last ninety days. Company insiders own 9.50% of the company’s stock.

Red Violet Price Performance

Shares of Red Violet stock opened at $49.20 on Friday. Red Violet, Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $49.80. The firm has a fifty day moving average price of $39.15 and a two-hundred day moving average price of $37.63. The company has a market cap of $686.64 million, a PE ratio of 136.67 and a beta of 1.69.

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.