Invesco Ltd. Takes $247,000 Position in Red Violet, Inc. (NASDAQ:RDVT)

Invesco Ltd. bought a new position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,819 shares of the company's stock, valued at approximately $247,000.

A number of other large investors have also made changes to their positions in RDVT. SG Americas Securities LLC boosted its position in shares of Red Violet by 14.3% in the fourth quarter. SG Americas Securities LLC now owns 7,990 shares of the company's stock worth $289,000 after buying an additional 998 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Red Violet by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company's stock worth $1,235,000 after purchasing an additional 1,068 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Red Violet by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,083 shares of the company's stock valued at $1,161,000 after acquiring an additional 1,181 shares in the last quarter. Wells Fargo & Company MN boosted 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 purchasing an additional 2,089 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Red Violet in the fourth quarter worth $88,000. Institutional investors and hedge funds own 63.56% of the company's stock.

Insiders Place Their Bets

In related news, Director Steven D. Rubin sold 10,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total value of $389,300.00. Following the completion of the sale, the director now owns 141,138 shares in the company, valued at approximately $5,494,502.34. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 9.50% of the company's stock.

Red Violet Price Performance

Shares of Red Violet stock traded down $1.15 during midday trading on Friday, hitting $45.47. The company had a trading volume of 97,569 shares, compared to its average volume of 69,488. The stock has a market cap of $634.35 million, a PE ratio of 126.31 and a beta of 1.69. The business's 50 day simple moving average is $37.83 and its two-hundred day simple moving average is $36.81. Red Violet, Inc. has a 1-year low of $19.41 and a 1-year high of $47.23.

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.