Calamos Advisors LLC Buys 20,970 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Calamos Advisors LLC lifted its stake in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 134.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,603 shares of the company's stock after buying an additional 20,970 shares during the period. Calamos Advisors LLC owned about 0.26% of Red Violet worth $1,376,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP bought a new position in Red Violet during the fourth quarter worth about $88,000. GAMMA Investing LLC lifted its stake in Red Violet by 206,650.0% during the first quarter. GAMMA Investing LLC now owns 4,135 shares of the company's stock worth $155,000 after purchasing an additional 4,133 shares during the period. Wells Fargo & Company MN lifted its stake in Red Violet by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,688 shares of the company's stock worth $206,000 after purchasing an additional 2,089 shares during the period. Franklin Resources Inc. bought a new position in Red Violet during the fourth quarter worth about $207,000. Finally, Hsbc Holdings PLC bought a new position in Red Violet during the fourth quarter worth about $215,000. Institutional investors own 63.56% of the company's stock.

Insider Buying and Selling

In other news, CEO Derek Dubner sold 10,000 shares of Red Violet stock in a transaction that occurred 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 owned 580,379 shares in the company, valued at approximately $26,819,313.59. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Alan Dell sold 5,000 shares of Red Violet stock in a transaction that occurred 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 owned 172,968 shares of the company's stock, valued at $7,991,121.60. This trade represents a 2.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 8.90% of the company's stock.

Red Violet Stock Up 3.3%

Shares of RDVT opened at $50.25 on Monday. The stock has a market cap of $701.42 million, a price-to-earnings ratio of 82.37 and a beta of 1.76. Red Violet, Inc. has a 12 month low of $21.83 and a 12 month high of $52.24. The company has a 50-day moving average price of $46.75 and a two-hundred day moving average price of $40.68.

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.

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