New York State Common Retirement Fund Increases Stake in Red Violet, Inc. (NASDAQ:RDVT)

New York State Common Retirement Fund boosted its position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 2,428.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 106,024 shares of the company's stock after buying an additional 101,830 shares during the quarter. New York State Common Retirement Fund owned approximately 0.76% of Red Violet worth $3,985,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its position in Red Violet by 23.7% during the 4th quarter. Wasatch Advisors LP now owns 676,399 shares of the company's stock valued at $24,486,000 after purchasing an additional 129,519 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Red Violet by 98.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 131,988 shares of the company's stock worth $4,778,000 after buying an additional 65,561 shares during the period. Uniplan Investment Counsel Inc. grew its position in shares of Red Violet by 27.0% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 109,209 shares of the company's stock worth $3,953,000 after buying an additional 23,213 shares during the period. Marshall Wace LLP grew its position in shares of Red Violet by 22.5% in the 4th quarter. Marshall Wace LLP now owns 107,886 shares of the company's stock worth $3,905,000 after buying an additional 19,835 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Red Violet by 9.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 107,211 shares of the company's stock worth $3,882,000 after buying an additional 9,404 shares during the period. 63.56% of the stock is currently owned by institutional investors.

Insider Activity at Red Violet

In other news, CEO Derek Dubner sold 10,000 shares of the 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 transaction, the chief executive officer owned 580,379 shares in the company, valued at $26,819,313.59. This represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Alan Dell sold 5,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was 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 of the company's stock, valued at $7,991,121.60. This represents 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 Price Performance

Red Violet stock traded down $0.57 during mid-day trading on Friday, reaching $44.46. The stock had a trading volume of 95,255 shares, compared to its average volume of 88,605. The company has a market capitalization of $620.66 million, a price-to-earnings ratio of 72.89 and a beta of 1.76. The company has a 50-day moving average price of $47.76 and a two-hundred day moving average price of $41.66. Red Violet, Inc. has a one year low of $21.83 and a one year high of $52.24.

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.