Bank of New York Mellon Corp Purchases 668 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Bank of New York Mellon Corp raised its stake in Red Violet, Inc. (NASDAQ:RDVTFree Report) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 44,691 shares of the company’s stock after purchasing an additional 668 shares during the quarter. Bank of New York Mellon Corp owned 0.32% of Red Violet worth $894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RDVT. Citigroup Inc. raised its holdings in shares of Red Violet by 28.4% during the first quarter. Citigroup Inc. now owns 16,461 shares of the company’s stock valued at $469,000 after acquiring an additional 3,644 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Red Violet during the first quarter valued at approximately $212,000. BlackRock Inc. raised its holdings in shares of Red Violet by 0.6% during the first quarter. BlackRock Inc. now owns 160,114 shares of the company’s stock valued at $4,563,000 after acquiring an additional 946 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Red Violet by 0.4% during the first quarter. Vanguard Group Inc. now owns 384,370 shares of the company’s stock valued at $10,954,000 after acquiring an additional 1,360 shares in the last quarter. Finally, Nantahala Capital Management LLC raised its holdings in shares of Red Violet by 23.2% during the first quarter. Nantahala Capital Management LLC now owns 1,261,251 shares of the company’s stock valued at $35,946,000 after acquiring an additional 237,792 shares in the last quarter. Institutional investors own 55.31% of the company’s stock.

Red Violet Stock Up 4.9 %

Shares of Red Violet stock opened at $18.71 on Friday. Red Violet, Inc. has a 52 week low of $15.20 and a 52 week high of $23.30. The company has a market cap of $260.82 million, a PE ratio of 20.79 and a beta of 1.15. The business has a 50 day moving average of $19.24 and a 200 day moving average of $19.87.

Red Violet (NASDAQ:RDVTGet Free Report) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.87 EPS for the quarter. Red Violet had a return on equity of 16.85% and a net margin of 22.43%. The company had revenue of $15.84 million for the quarter.

About Red Violet

(Free Report)

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, 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.

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Institutional Ownership by Quarter for Red Violet (NASDAQ:RDVT)

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