Invesco Ltd. Purchases New Shares in Red Violet, Inc. (NASDAQ:RDVT)

Invesco Ltd. bought a new stake in Red Violet, Inc. (NASDAQ:RDVT - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 6,819 shares of the company's stock, valued at approximately $247,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Red Violet by 98.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 131,988 shares of the company's stock valued at $4,778,000 after purchasing an additional 65,561 shares in the last quarter. Annex Advisory Services LLC purchased a new position in Red Violet in the fourth quarter worth approximately $1,080,000. Russell Investments Group Ltd. grew its holdings in Red Violet by 39.7% during the 4th quarter. Russell Investments Group Ltd. now owns 100,244 shares of the company's stock worth $3,629,000 after acquiring an additional 28,500 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Red Violet by 89.7% in the 4th quarter. JPMorgan Chase & Co. now owns 59,269 shares of the company's stock valued at $2,146,000 after purchasing an additional 28,026 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Red Violet in the 4th quarter valued at $891,000. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

Red Violet Trading Up 2.2 %

Shares of RDVT stock traded up $0.89 on Wednesday, reaching $40.47. 155,049 shares of the stock were exchanged, compared to its average volume of 67,501. The company has a market capitalization of $564.60 million, a price-to-earnings ratio of 112.42 and a beta of 1.69. The business's 50 day moving average price is $37.70 and its 200 day moving average price is $36.67. Red Violet, Inc. has a twelve month low of $17.65 and a twelve month high of $43.44.

Red Violet (NASDAQ:RDVT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Red Violet had a return on equity of 6.80% and a net margin of 7.17%. Equities research analysts forecast that Red Violet, Inc. will post 0.51 earnings per share for the current year.

Insider Activity

In related news, Director Steven D. Rubin sold 10,000 shares of Red Violet stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total transaction 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 trade represents a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.50% of the company's stock.

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.