SCHEDULE 13G/A: Ashford Capital Management Discloses 4.2% Stake in Red Violet, Inc.

Ashford Capital Management Inc. has filed an amended Schedule 13G, reporting a beneficial ownership of 4.2% of Red Violet, Inc.'s common stock as of March 31, 2025.

Summary

• Ashford Capital Management Inc., a Delaware Corporation and registered investment adviser, has filed an Amendment No. 1 to Schedule 13G.
• The filing reports beneficial ownership of 585,904 shares of Common Stock in Red Violet, Inc.
• This represents 4.2% of Red Violet, Inc.'s outstanding common stock.
• The percentage is calculated based on 13,938,623 shares reported outstanding as of February 25, 2025, in Red Violet's December 31, 2024 Quarterly Report (Form 10-Q).
• Ashford Capital Management Inc. holds sole voting power and sole dispositive power over all 585,904 shares.
• The shares are held in separate individual client accounts, three separate limited partnerships, and one commingled fund.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Red Violet, Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that directly indicates positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• The disclosure of a significant institutional stake by Ashford Capital Management Inc. may be viewed as a vote of confidence in Red Violet, Inc. by a professional investment firm.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

This filing is a standard disclosure of an institutional investor's passive ownership stake, common in the financial industry for transparency regarding significant holdings in publicly traded companies.

Stakeholder Impact

• Shareholders: The disclosure of an institutional investor's stake may influence market perception and investor confidence in Red Violet, Inc.

Next Steps

• NA

Key Dates

Keywords

Red Violet Inc., Ashford Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Equity Stake