Calamos Advisors LLC Grows Position in Red Violet, Inc. (NASDAQ:RDVT)

Calamos Advisors LLC boosted its stake in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 134.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,603 shares of the company's stock after purchasing an additional 20,970 shares during the period. Calamos Advisors LLC owned approximately 0.26% of Red Violet worth $1,376,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in shares of Red Violet by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company's stock valued at $1,235,000 after buying an additional 1,068 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 during the last quarter. Globeflex Capital L P grew its stake in Red Violet by 12.1% during the 4th quarter. Globeflex Capital L P now owns 98,231 shares of the company's stock valued at $3,556,000 after purchasing an additional 10,587 shares during the last quarter. Semanteon Capital Management LP purchased a new stake in Red Violet in the fourth quarter valued at approximately $325,000. Finally, Quantbot Technologies LP purchased a new stake in Red Violet in the fourth quarter valued at approximately $88,000. Hedge funds and other institutional investors own 63.56% of the company's stock.

Insider Buying and Selling at Red Violet

In other Red Violet news, CEO Derek Dubner sold 10,000 shares of the company's 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. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Alan Dell sold 5,000 shares of the company's 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 sale, the insider directly owned 172,968 shares in the company, valued at approximately $7,991,121.60. The trade was a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by corporate insiders.

Red Violet Stock Performance

NASDAQ RDVT traded down $0.26 during trading hours on Tuesday, reaching $49.82. The stock had a trading volume of 4,363 shares, compared to its average volume of 105,844. The stock has a fifty day moving average of $47.00 and a 200 day moving average of $40.76. The stock has a market cap of $695.49 million, a P/E ratio of 81.67 and a beta of 1.76. Red Violet, Inc. has a 52-week low of $21.83 and a 52-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.