SCHEDULE 13G: Ashford Capital Management Discloses 5.1% Passive Stake in Red Violet, Inc.
Beneficial Ownership Disclosure (Schedule 13G)
Ashford Capital Management Inc. has reported a 5.1% beneficial ownership stake in Red Violet, Inc.'s common stock, holding 697,251 shares as of December 31, 2024.
Summary
- Ashford Capital Management Inc. has filed a Schedule 13G, disclosing its beneficial ownership in Red Violet, Inc.
- As of December 31, 2024, Ashford Capital Management Inc. beneficially owns 697,251 shares of Red Violet, Inc. Common Stock.
- This ownership represents 5.1% of the class, calculated based on 13,791,652 shares outstanding as of November 1, 2024, as reported in Red Violet's September 30, 2024 Quarterly Report on Form 10-Q.
- Ashford Capital Management Inc. holds sole voting power and sole dispositive power over all 697,251 shares.
- The shares are held in separate individual client accounts, three separate limited partnerships, and one commingled fund, as reported by the registered investment advisor.
Sentiment
Score: 5
Explanation: This filing is a routine disclosure of beneficial ownership and does not contain performance or forward-looking statements that would indicate a positive or negative sentiment. It is a factual report of an institutional stake.
Positives
- The disclosure of a significant stake by an institutional investor like Ashford Capital Management Inc. can be viewed as a vote of confidence in Red Violet, Inc.
Future Outlook
This document is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.
Industry Context
This filing indicates a significant passive investment by an institutional asset manager in Red Violet, Inc., a company operating in the data and analytics industry. Such disclosures are routine for institutional investors crossing the 5% ownership threshold and reflect their investment decisions within the broader market.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, potentially signaling confidence from a large investor.
- Investment Professionals: Offers insight into institutional positioning within Red Violet, Inc.
Key Dates
| Date | Description |
|---|---|
| 2024-11-01 | Date as of which 13,791,652 shares of Common Stock were reported outstanding in the Issuer's September 30, 2024 Quarterly Report filed on Form 10-Q, used for percentage calculation. |
| 2024-12-31 | Date of event which requires the filing of this statement (beneficial ownership threshold crossed). |
| 2025-01-31 | Date the Schedule 13G statement was signed and filed. |
Keywords
Red Violet Inc., Ashford Capital Management Inc., Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Passive Investment
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