Bank of New York Mellon Corp Acquires 1,068 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Bank of New York Mellon Corp boosted its holdings in Red Violet, Inc. (NASDAQ:RDVT) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 34,105 shares of the company’s stock after purchasing an additional 1,068 shares during the period. Bank of New York Mellon Corp’s holdings in Red Violet were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Red Violet by 114.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,243 shares of the company’s stock valued at $889,000 after purchasing an additional 16,661 shares during the period. Salem Investment Counselors Inc. lifted its holdings in shares of Red Violet by 202.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 25,312 shares of the company’s stock worth $916,000 after buying an additional 16,951 shares in the last quarter. Barclays PLC lifted its holdings in shares of Red Violet by 240.7% during the third quarter. Barclays PLC now owns 18,502 shares of the company’s stock worth $526,000 after buying an additional 13,072 shares in the last quarter. 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 valued at $289,000 after acquiring an additional 998 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Red Violet in the fourth quarter valued at about $232,000. Institutional investors and hedge funds own 63.56% of the company’s stock.

Insider Activity at Red Violet

In other Red Violet news, Director Steven D. Rubin sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 141,138 shares in the company, valued at $5,494,502.34. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.50% of the stock is owned by insiders.

Red Violet Trading Up 0.1 %

Shares of RDVT opened at $38.64 on Monday. Red Violet, Inc. has a 12 month low of $16.56 and a 12 month high of $43.44. The firm’s 50 day moving average is $37.88 and its 200-day moving average is $34.53. The stock has a market capitalization of $538.60 million, a PE ratio of 107.33 and a beta of 1.63.

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.