Red Violet, Inc. (NASDAQ:RDVT) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,190 shares of the company's stock after purchasing an additional 7,885 shares during the period. Janus Henderson Group PLC owned about 0.23% of Red Violet worth $1,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RDVT. Wasatch Advisors LP boosted its holdings in shares of Red Violet by 23.7% in the fourth quarter. Wasatch Advisors LP now owns 676,399 shares of the company's stock valued at $24,486,000 after acquiring an additional 129,519 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Red Violet by 98.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 131,988 shares of the company's stock valued at $4,778,000 after purchasing an additional 65,561 shares during the period. Russell Investments Group Ltd. boosted its holdings in Red Violet by 39.7% in the 4th quarter. Russell Investments Group Ltd. now owns 100,244 shares of the company's stock valued at $3,629,000 after purchasing an additional 28,500 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Red Violet by 89.7% in the 4th quarter. JPMorgan Chase & Co. now owns 59,269 shares of the company's stock valued at $2,146,000 after purchasing an additional 28,026 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in Red Violet during the 4th quarter worth approximately $1,002,000. 63.56% of the stock is owned by hedge funds and other institutional investors.

Red Violet Trading Up 1.6%

Shares of RDVT traded up $0.80 during mid-day trading on Tuesday, hitting $50.08. The company's stock had a trading volume of 58,430 shares, compared to its average volume of 72,784. Red Violet, Inc. has a 1-year low of $20.30 and a 1-year high of $51.10. The firm has a market capitalization of $698.86 million, a P/E ratio of 139.35 and a beta of 1.69. The firm has a 50-day simple moving average of $40.56 and a 200 day simple moving average of $38.40.

Insider Activity

In other news, Director Steven D. Rubin sold 10,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total value of $389,300.00. Following the completion of the transaction, the director now owns 141,138 shares in the company, valued at $5,494,502.34. This trade represents a 6.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey Alan Dell sold 5,000 shares of the stock in a transaction dated 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 now directly owns 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. In the last three months, insiders sold 25,000 shares of company stock worth $1,082,400. Company insiders own 9.50% of the company's stock.

Red Violet Company 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.