Strs Ohio Invests $323,000 in Red Violet, Inc. $RDVT

Key Points

• Strs Ohio has invested approximately $323,000 in Red Violet, Inc., acquiring 8,600 shares in the company's stock during the first quarter.
• Analyst ratings for Red Violet have been positive, with Wall Street Zen upgrading the stock from a "hold" to a "buy" rating and setting a price target of $60.00.
• In terms of performance, Red Violet's shares are currently down 1.4%, with a recent opening price of $51.72 and a market cap of $723.05 million.

Strs Ohio acquired a new stake in Red Violet, Inc. (NASDAQ:RDVT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,600 shares of the company's stock, valued at approximately $323,000. Strs Ohio owned approximately 0.06% of Red Violet as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Red Violet by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company's stock worth $227,000 after purchasing an additional 259 shares during the period. Rhumbline Advisers lifted its position in shares of Red Violet by 2.5% during the 1st quarter. Rhumbline Advisers now owns 16,304 shares of the company's stock worth $613,000 after buying an additional 393 shares during the last quarter. Bard Associates Inc. boosted its holdings in shares of Red Violet by 6.7% in the 1st quarter. Bard Associates Inc. now owns 8,822 shares of the company's stock valued at $332,000 after buying an additional 554 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Red Violet by 3,125.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company's stock worth $39,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Ellsworth Advisors LLC lifted its position in Red Violet by 7.5% in the first quarter. Ellsworth Advisors LLC now owns 18,381 shares of the company's stock valued at $691,000 after acquiring an additional 1,285 shares during the last quarter. 63.56% of the stock is owned by hedge funds and other institutional investors.

Red Violet Trading Down 1.4%

Shares of NASDAQ RDVT opened at $51.72 on Wednesday. The company's 50-day moving average price is $46.80 and its 200 day moving average price is $44.41. Red Violet, Inc. has a 52 week low of $25.37 and a 52 week high of $54.19. The stock has a market cap of $723.05 million, a price-to-earnings ratio of 86.20 and a beta of 1.72.

Analyst Ratings Changes

RDVT has been the topic of several research reports. Wall Street Zen raised Red Violet from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Lake Street Capital started coverage on Red Violet in a research note on Monday, August 4th. They set a "buy" rating and a $60.00 price target on the stock. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $60.00.

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.

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