New York State Common Retirement Fund Acquires 101,830 Shares of Red Violet, Inc. (NASDAQ:RDVT)

New York State Common Retirement Fund grew its position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 2,428.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 106,024 shares of the company's stock after buying an additional 101,830 shares during the period. New York State Common Retirement Fund owned approximately 0.76% of Red Violet worth $3,985,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in Red Violet by 3,125.0% in the first quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company's stock worth $39,000 after buying an additional 1,000 shares during the last quarter. Quantbot Technologies LP purchased a new position in Red Violet in the fourth quarter worth about $88,000. GAMMA Investing LLC raised its holdings in Red Violet by 206,650.0% in the first quarter. GAMMA Investing LLC now owns 4,135 shares of the company's stock worth $155,000 after buying an additional 4,133 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Red Violet by 58.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,688 shares of the company's stock worth $206,000 after buying an additional 2,089 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Red Violet during the fourth quarter valued at approximately $207,000. 63.56% of the stock is owned by hedge funds and other institutional investors.

Red Violet Stock Performance

Shares of RDVT traded up $0.16 during mid-day trading on Friday, hitting $45.19. 7,497 shares of the company traded hands, compared to its average volume of 103,696. The stock has a 50-day moving average price of $47.85 and a two-hundred day moving average price of $41.60. Red Violet, Inc. has a 1 year low of $21.83 and a 1 year high of $52.24. The stock has a market cap of $630.64 million, a price-to-earnings ratio of 73.79 and a beta of 1.76.

Insider Activity at Red Violet

In other news, CEO Derek Dubner sold 10,000 shares of the business'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 transaction of $462,100.00. Following the completion of the transaction, the chief executive officer directly owned 580,379 shares of the company's stock, valued at $26,819,313.59. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Alan Dell sold 5,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 172,968 shares of the company's stock, valued at $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 insiders.

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.