Janus Henderson Group PLC Raises Stock Holdings in Red Violet, Inc. (NASDAQ:RDVT)

Janus Henderson Group PLC lifted its position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,190 shares of the company's stock after buying an additional 7,885 shares during the quarter. Janus Henderson Group PLC owned approximately 0.23% of Red Violet worth $1,165,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC grew its stake in Red Violet by 14.3% in the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock worth $289,000 after acquiring an additional 998 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Red Violet by 3.2% in the fourth 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 last quarter. Charles Schwab Investment Management Inc. grew its holdings in Red Violet by 3.8% in the fourth 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 period. Barclays PLC grew its holdings in Red Violet by 10.6% in the fourth quarter. Barclays PLC now owns 20,463 shares of the company's stock valued at $740,000 after purchasing an additional 1,961 shares during the period. Finally, Wells Fargo & Company MN increased its position 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 last quarter. Institutional investors and hedge funds own 63.56% of the company's stock.

Insider Buying and Selling

In other news, insider Jeffrey Alan Dell sold 5,000 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $46.20, for a total value of $231,000.00. Following the completion of the sale, the insider now owns 172,968 shares of the company's stock, valued at $7,991,121.60. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Derek Dubner sold 10,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 580,379 shares of the company's stock, valued at approximately $26,819,313.59. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,000 shares of company stock valued at $1,082,400. 9.50% of the stock is currently owned by corporate insiders.

Red Violet Trading Down 0.7%

Shares of RDVT traded down $0.36 during mid-day trading on Wednesday, reaching $49.46. The company had a trading volume of 16,446 shares, compared to its average volume of 72,883. Red Violet, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $51.10. The firm has a fifty day simple moving average of $40.79 and a 200-day simple moving average of $38.48. The stock has a market cap of $690.28 million, a price-to-earnings ratio of 137.44 and a beta of 1.69.

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.