BlackRock Discloses 5.0% Stake in Red Violet, Inc.
Ticker: RDVT · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 1720116
| Field | Detail |
|---|---|
| Company | Red Violet, Inc. (RDVT) |
| Form Type | SC 13G |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, passive-investment
TL;DR
**BlackRock just revealed a 5.0% stake in Red Violet, a big vote of confidence!**
AI Summary
BlackRock Inc., a massive investment firm, reported on January 31, 2024, that it holds a significant stake in Red Violet, Inc. As of December 31, 2023, BlackRock owns 757,041 shares of Red Violet's Common Stock, representing 5.0% of the company. This matters to investors because BlackRock's substantial ownership indicates a vote of confidence in Red Violet's future, potentially signaling stability and attracting other institutional investors.
Why It Matters
BlackRock's 5.0% ownership in Red Violet, Inc. signals institutional confidence, which can attract more investors and potentially stabilize the stock price.
Risk Assessment
Risk Level: low — This filing indicates a large, stable institutional investor has a significant stake, generally reducing perceived risk.
Analyst Insight
A smart investor would view BlackRock's 5.0% stake as a positive signal, potentially indicating a stable long-term investment, and might consider further research into Red Violet's fundamentals.
Key Numbers
- 757,041 — Shares Owned (Number of Red Violet, Inc. common shares beneficially owned by BlackRock Inc.)
- 5.0% — Ownership Percentage (Percentage of Red Violet, Inc.'s common stock owned by BlackRock Inc.)
Key Players & Entities
- BlackRock Inc. (company) — reporting person, institutional investor
- Red Violet, Inc. (company) — subject company, issuer of securities
- 757,041 (dollar_amount) — number of shares beneficially owned by BlackRock
- 5.0% (dollar_amount) — percentage of class owned by BlackRock
- December 31, 2023 (person) — date of event requiring the filing
- January 31, 2024 (person) — filing date
Forward-Looking Statements
- Red Violet's stock may experience increased stability due to BlackRock's significant stake. (Red Violet, Inc.) — medium confidence, target: next 6-12 months
- Other institutional investors might consider initiating or increasing positions in Red Violet, following BlackRock's lead. (Red Violet, Inc.) — medium confidence, target: next 3-6 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock, Inc., a major institutional investment manager, as stated in the 'Names of reporting persons' section.
What is the name of the issuer whose securities are being reported on?
The issuer is Red Violet, Inc., as clearly identified under the 'Name of Issuer' section of the Schedule 13G.
What type of securities does BlackRock, Inc. own in Red Violet, Inc.?
BlackRock, Inc. owns 'Common Stock' of Red Violet, Inc., as specified under the 'Title of Class of Securities' section.
As of what date did the event occur that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, according to the filing's cover page.
What percentage of Red Violet, Inc.'s common stock does BlackRock, Inc. beneficially own?
BlackRock, Inc. beneficially owns 5.0% of Red Violet, Inc.'s common stock, as indicated in the summary of beneficial ownership.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 31, 2024 by December 31, 2023 regarding Red Violet, Inc. (RDVT).