American Century Companies Inc. Makes New Investment in Red Violet, Inc. (NASDAQ:RDVT)

American Century Companies Inc. purchased a new position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,604 shares of the company's stock, valued at approximately $384,000. American Century Companies Inc. owned about 0.08% of Red Violet as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in RDVT. JPMorgan Chase & Co. increased its holdings in shares of Red Violet by 114.3% in the 3rd 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 period. Salem Investment Counselors Inc. raised its holdings in shares of Red Violet by 202.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company's stock valued at $916,000 after buying an additional 16,951 shares during the last quarter. Barclays PLC boosted its stake in shares of Red Violet by 240.7% during the third 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 period. SG Americas Securities LLC grew its holdings in shares of Red Violet by 14.3% during the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock worth $289,000 after buying an additional 998 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Red Violet during the 4th quarter valued at approximately $232,000. Institutional investors and hedge funds own 63.56% of the company's stock.

Insider Activity

In other Red Violet 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 transaction, the director now directly owns 141,138 shares in the company, valued at approximately $5,494,502.34. This trade represents a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.50% of the company's stock.

Red Violet Price Performance

Shares of RDVT stock traded down $0.52 during midday trading on Thursday, hitting $36.91. The company had a trading volume of 7,264 shares, compared to its average volume of 86,299. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $43.44. The company's 50 day simple moving average is $38.31 and its 200 day simple moving average is $35.57. The stock has a market cap of $514.53 million, a price-to-earnings ratio of 102.38 and a beta of 1.57.

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.