JPMorgan Chase & Co. Has $889,000 Holdings in Red Violet, Inc. (NASDAQ:RDVT)

JPMorgan Chase & Co. boosted its position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 114.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,243 shares of the company's stock after purchasing an additional 16,661 shares during the period. JPMorgan Chase & Co. owned approximately 0.23% of Red Violet worth $889,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in shares of Red Violet by 5.7% in the second quarter. Rhumbline Advisers now owns 14,578 shares of the company's stock valued at $370,000 after buying an additional 781 shares during the period. Janus Henderson Group PLC lifted its holdings in Red Violet by 4.3% in the 3rd quarter. Janus Henderson Group PLC now owns 24,305 shares of the company's stock valued at $691,000 after acquiring an additional 992 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Red Violet by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 256,418 shares of the company's stock valued at $7,297,000 after purchasing an additional 3,009 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Red Violet by 28.4% in the 2nd quarter. Squarepoint Ops LLC now owns 29,804 shares of the company's stock worth $757,000 after purchasing an additional 6,599 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Red Violet in the 3rd quarter worth approximately $199,000. 63.56% of the stock is owned by institutional investors.

Red Violet Stock Down 0.1 %

NASDAQ:RDVT traded down $0.03 during trading hours on Friday, reaching $35.60. 61,393 shares of the company's stock were exchanged, compared to its average volume of 41,720. The company has a market capitalization of $490.92 million, a P/E ratio of 98.89 and a beta of 1.48. Red Violet, Inc. has a 12 month low of $16.56 and a 12 month high of $39.88. The business's 50-day simple moving average is $36.55 and its two-hundred day simple moving average is $31.18.

Red Violet Announces Dividend

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

Insider Activity

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

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.