Salem Investment Counselors Inc. Buys 16,951 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Salem Investment Counselors Inc. boosted its stake in shares of Red Violet, Inc. (NASDAQ:RDVT) by 202.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,312 shares of the company’s stock after buying an additional 16,951 shares during the quarter. Salem Investment Counselors Inc. owned approximately 0.18% of Red Violet worth $916,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Red Violet by 11.6% during the second quarter. Bank of New York Mellon Corp now owns 40,960 shares of the company’s stock worth $1,040,000 after buying an additional 4,264 shares during the last quarter. Rhumbline Advisers raised its position in shares of Red Violet by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 14,578 shares of the company’s stock worth $370,000 after acquiring an additional 781 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Red Violet in the 2nd quarter valued at about $397,000. Dimensional Fund Advisors LP boosted its position in shares of Red Violet by 16.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 86,511 shares of the company’s stock valued at $2,196,000 after purchasing an additional 11,964 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Red Violet by 323.4% during the second quarter. Marshall Wace LLP now owns 56,561 shares of the company’s stock worth $1,437,000 after purchasing an additional 43,203 shares during the period. Institutional investors own 63.56% of the company’s stock.

Insider Buying and Selling

In other Red Violet news, President James Patrick Reilly sold 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $37.25, for a total value of $372,500.00. Following the transaction, the president now owns 272,124 shares in the company, valued at approximately $10,136,619. This represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Benz sold 22,300 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total value of $834,689.00. Following the sale, the director now owns 80,766 shares of the company’s stock, valued at approximately $3,023,071.38. This represents a 21.64 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is owned by insiders.

Red Violet Stock Performance

Shares of RDVT opened at $33.98 on Tuesday. The firm has a market cap of $468.65 million, a PE ratio of 94.39 and a beta of 1.48. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $39.88. The business’s 50 day moving average price is $36.29 and its two-hundred day moving average price is $30.54.

Red Violet Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, January 31st.

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.