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

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of RDVT. Bank of New York Mellon Corp boosted its holdings in Red Violet by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company's stock worth $1,235,000 after acquiring an additional 1,068 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Red Violet by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,083 shares of the company's stock worth $1,161,000 after acquiring an additional 1,181 shares during the period. Globeflex Capital L P boosted its holdings in Red Violet by 12.1% in the 4th quarter. Globeflex Capital L P now owns 98,231 shares of the company's stock worth $3,556,000 after acquiring an additional 10,587 shares during the period. Semanteon Capital Management LP acquired a new position in shares of Red Violet in the 4th quarter valued at approximately $325,000. Finally, Quantbot Technologies LP acquired a new position in shares of Red Violet in the 4th quarter valued at approximately $88,000. Hedge funds and other institutional investors own 63.56% of the company's stock.

Red Violet Stock Down 2.7%

Shares of RDVT traded down $1.36 during trading on Thursday, reaching $48.63. The company's stock had a trading volume of 66,476 shares, compared to its average volume of 81,800. The company has a fifty day moving average of $47.42 and a two-hundred day moving average of $40.89. Red Violet, Inc. has a twelve month low of $21.83 and a twelve month high of $52.24. The company has a market cap of $678.87 million, a price-to-earnings ratio of 79.72 and a beta of 1.76.

Insider Buying and Selling

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

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.