Uniplan Investment Counsel Inc. Has $5.24 Million Stock Position in Red Violet, Inc. $RDVT

Key Points

• Uniplan Investment Counsel Inc. increased its holdings in Red Violet, Inc. by 27.7%, acquiring an additional 30,212 shares and owning approximately 1.00% of the company worth about $5.24 million.
• Several institutional investors have also significantly increased their stakes in Red Violet, including Nisa Investment Advisors LLC with a boost of 3,125.0% and GAMMA Investing LLC with a 206,650.0% increase.
• Wall Street analysts are optimistic about Red Violet, with an average rating of "Buy" and a consensus price target of $60.00, indicating growth potential for the stock.

Uniplan Investment Counsel Inc. increased its position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 27.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 139,421 shares of the company's stock after buying an additional 30,212 shares during the period. Uniplan Investment Counsel Inc. owned 1.00% of Red Violet worth $5,241,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in Red Violet by 2.5% in the first 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. GAMMA Investing LLC increased 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. Nisa Investment Advisors LLC increased 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. Deutsche Bank AG increased its holdings in Red Violet by 80.7% in the fourth quarter. Deutsche Bank AG now owns 11,361 shares of the company's stock worth $411,000 after buying an additional 5,073 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Red Violet by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company's stock worth $227,000 after buying an additional 259 shares during the last quarter. Institutional investors and hedge funds own 63.56% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RDVT. Lake Street Capital began coverage on shares of Red Violet in a research report on Monday, August 4th. They issued a "buy" rating and a $60.00 price target on the stock. Wall Street Zen upgraded shares of Red Violet from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Red Violet has a consensus rating of "Buy" and an average price target of $60.00.

Red Violet Price Performance

Shares of Red Violet stock traded down $0.26 during midday trading on Friday, hitting $48.10. The company had a trading volume of 19,860 shares, compared to its average volume of 102,092. The business's 50 day simple moving average is $46.45 and its two-hundred day simple moving average is $43.70. The stock has a market cap of $672.44 million, a PE ratio of 80.23 and a beta of 1.72. Red Violet, Inc. has a 1-year low of $25.37 and a 1-year high of $54.19.

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.