Northern Trust Corp Grows Stock Position in Red Violet, Inc. (NASDAQ:RDVT)

Northern Trust Corp increased its position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 102,880 shares of the company's stock after buying an additional 6,544 shares during the quarter. Northern Trust Corp owned about 0.75% of Red Violet worth $3,724,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Voya Investment Management LLC purchased a new stake in Red Violet in the fourth quarter valued at approximately $247,000. Price T Rowe Associates Inc. MD purchased a new stake in Red Violet in the fourth quarter valued at approximately $1,002,000. Hsbc Holdings PLC purchased a new stake in Red Violet in the fourth quarter valued at approximately $215,000. Uniplan Investment Counsel Inc. raised its position in Red Violet by 27.0% in the fourth quarter. Uniplan Investment Counsel Inc. now owns 109,209 shares of the company's stock valued at $3,953,000 after purchasing an additional 23,213 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Red Violet by 9.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 107,211 shares of the company's stock valued at $3,882,000 after purchasing an additional 9,404 shares during the period. Hedge funds and other institutional investors own 63.56% of the company's stock.

Insider Buying and Selling at Red Violet

In other news, insider Jeffrey Alan Dell sold 5,000 shares of the company's stock in a transaction 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 sale, the insider now owns 172,968 shares of the company's stock, valued at approximately $7,991,121.60. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven D. Rubin sold 10,000 shares of the company'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 sale, the director now directly owns 141,138 shares in the company, valued at $5,494,502.34. This represents a 6.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $1,082,400 over the last quarter. 9.50% of the stock is owned by company insiders.

Red Violet Stock Up 0.6%

Shares of NASDAQ RDVT opened at $50.11 on Friday. The firm has a market cap of $699.34 million, a price-to-earnings ratio of 139.19 and a beta of 1.69. Red Violet, Inc. has a 52-week low of $20.02 and a 52-week high of $51.10. The business's 50 day moving average is $40.14 and its two-hundred day moving average is $38.12.

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.

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