Calamos Advisors LLC Has $272,000 Stock Holdings in Red Violet, Inc. $RDVT

Calamos Advisors LLC decreased its stake in Red Violet, Inc. (NASDAQ:RDVT) by 90.3% in the first quarter, Holdings Channel reports. The institutional investor owned 7,863 shares of the company’s stock after selling 72,901 shares during the quarter. Calamos Advisors LLC’s holdings in Red Violet were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RDVT. AQR Capital Management LLC acquired a new position in shares of Red Violet in the first quarter worth $3,826,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Red Violet by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,586 shares of the company’s stock worth $248,000 after acquiring an additional 312 shares in the last quarter. Creative Planning acquired a new stake in Red Violet during the second quarter valued at $338,000. JPMorgan Chase & Co. boosted its position in Red Violet by 5.5% during the second quarter. JPMorgan Chase & Co. now owns 38,120 shares of the company’s stock valued at $1,876,000 after purchasing an additional 1,990 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Red Violet by 143.5% in the second quarter. Legal & General Group Plc now owns 2,888 shares of the company’s stock valued at $142,000 after purchasing an additional 1,702 shares in the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

Red Violet Trading Down 1.4%

RDVT stock opened at $65.21 on Friday. The firm has a market cap of $920.11 million, a PE ratio of 67.93 and a beta of 1.83. Red Violet, Inc. has a 1 year low of $33.40 and a 1 year high of $69.65. The company has a fifty day simple moving average of $56.94 and a 200 day simple moving average of $48.01.

Red Violet (NASDAQ:RDVT) last posted its earnings results on Wednesday, May 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.32 by $0.14. Red Violet had a net margin of 14.99% and a return on equity of 14.30%. The firm had revenue of $25.83 million for the quarter, compared to the consensus estimate of $24.63 million. As a group, analysts forecast that Red Violet, Inc. will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Daniel Maclachlan sold 12,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $57.43, for a total transaction of $689,160.00. Following the transaction, the chief financial officer owned 358,902 shares of the company’s stock, valued at approximately $20,611,741.86. This represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Derek Dubner sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $57.43, for a total value of $689,160.00. Following the completion of the transaction, the chief executive officer directly owned 557,273 shares in the company, valued at $32,004,188.39. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 46,000 shares of company stock worth $2,641,880. Insiders own 8.90% of the company’s stock.

Analysts Set New Price Targets

RDVT has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Red Violet in a research report on Friday, May 8th. Zacks Research lowered Red Violet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded Red Violet from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Red Violet Company Profile

Red Violet, Inc (NASDAQ: RDVT) is a provider of advanced data, analytics and technology solutions designed to help organizations mitigate financial crime, fraud and security risks. The company’s cloud-native platform consolidates and enriches data from proprietary, public and third-party sources, applying artificial intelligence and machine learning to deliver insights across the risk-management lifecycle. Red Violet’s suite of services includes behavior-based transaction monitoring, automated watchlist and negative-news screening, enhanced due diligence and real-time geospatial threat intelligence.

Leveraging proprietary algorithms, Red Violet offers products that enable compliance teams to streamline anti-money laundering processes, improve fraud detection and respond swiftly to emerging threats.