Uniplan Investment Counsel Inc. Buys 30,212 Shares of 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. raised its position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 27.7% during the first quarter, according to its most recent 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 about 1.00% of Red Violet worth $5,241,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted 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 valued at $39,000 after acquiring an additional 1,000 shares during the last quarter. AlphaQuest LLC acquired a new position in Red Violet during the 1st quarter valued at about $129,000. Quantbot Technologies LP lifted its position in Red Violet by 66.4% during the 1st quarter. Quantbot Technologies LP now owns 4,046 shares of the company's stock valued at $152,000 after purchasing an additional 1,615 shares during the period. GAMMA Investing LLC boosted its stake in shares of Red Violet by 206,650.0% in the 1st quarter. GAMMA Investing LLC now owns 4,135 shares of the company's stock valued at $155,000 after purchasing an additional 4,133 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Red Violet during the 1st quarter worth approximately $206,000. 63.56% of the stock is owned by institutional investors and hedge funds.

Red Violet Stock Performance

RDVT opened at $50.68 on Friday. The firm's fifty day moving average is $46.39 and its two-hundred day moving average is $43.43. The firm has a market cap of $708.51 million, a PE ratio of 84.47 and a beta of 1.72. Red Violet, Inc. has a twelve month low of $25.37 and a twelve month high of $52.24.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RDVT shares. Wall Street Zen raised shares of Red Violet from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Lake Street Capital started coverage on Red Violet in a research note on Monday, August 4th. They issued a "buy" rating and a $60.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $60.00.

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.

Want to see what other hedge funds are holding RDVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Violet, Inc. (NASDAQ:RDVT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.