Salem Investment Counselors Inc. Has $916,000 Stake in Red Violet, Inc. (NASDAQ:RDVT)

Salem Investment Counselors Inc. grew its holdings in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 202.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,312 shares of the company's stock after purchasing an additional 16,951 shares during the quarter. Salem Investment Counselors Inc. owned about 0.18% of Red Violet worth $916,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Barclays PLC raised its position in Red Violet by 240.7% in the 3rd quarter. Barclays PLC now owns 18,502 shares of the company's stock worth $526,000 after purchasing an additional 13,072 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Red Violet by 323.4% in the 2nd quarter. Marshall Wace LLP now owns 56,561 shares of the company's stock valued at $1,437,000 after buying an additional 43,203 shares during the period. Los Angeles Capital Management LLC raised its position in shares of Red Violet by 158.3% during the third quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company's stock worth $1,595,000 after acquiring an additional 34,348 shares during the last quarter. State Street Corp lifted its stake in shares of Red Violet by 5.7% during the third quarter. State Street Corp now owns 188,993 shares of the company's stock valued at $5,377,000 after acquiring an additional 10,199 shares during the period. Finally, Walleye Capital LLC bought a new position in Red Violet in the third quarter valued at about $532,000. Institutional investors own 63.56% of the company's stock.

Red Violet Stock Down 0.3 %

RDVT stock traded down $0.10 during midday trading on Tuesday, reaching $33.88. The stock had a trading volume of 53,415 shares, compared to its average volume of 55,339. Red Violet, Inc. has a twelve month low of $16.56 and a twelve month high of $39.88. The firm has a market cap of $467.27 million, a price-to-earnings ratio of 94.11 and a beta of 1.48. The business has a fifty day simple moving average of $36.29 and a two-hundred day simple moving average of $30.54.

Red Violet Dividend Announcement

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

Insiders Place Their Bets

In other Red Violet news, President James Patrick Reilly sold 10,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $37.25, for a total value of $372,500.00. Following the sale, the president now directly owns 272,124 shares in the company, valued at approximately $10,136,619. This trade represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter Benz sold 22,300 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total value of $834,689.00. Following the completion of the transaction, the director now directly owns 80,766 shares of the company's stock, valued at approximately $3,023,071.38. The trade was a 21.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.50% of the company's stock.

About Red Violet

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.