SCHEDULE: Trigran Investments Discloses 4.5% Stake in Red Violet

Trigran Investments and its principals have filed an amended Schedule 13G, reporting a 4.5% passive beneficial ownership in Red Violet, Inc.

Summary

• Trigran Investments, Inc. and its principals, Douglas T. Granat, Lawrence A. Oberman, Steven G. Simon, Bradley F. Simon, and Steven R. Monieson, jointly filed an Amendment No. 6 to Schedule 13G.
• The filing reports beneficial ownership of 625,970 shares of Red Violet, Inc. Common Stock, representing 4.5% of the class.
• The shares 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.
• Trigran Investments, Inc. is an Illinois corporation, and the individual reporting persons are U.S. Citizens.
• The reporting persons collectively hold shared voting power over 576,088 shares and shared dispositive power over 625,970 shares.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of a passive beneficial ownership stake, indicating a neutral impact on company operations or strategy.

Positives

• The filing indicates a passive investment, explicitly stating the shares are not held to influence or change control of Red Violet, Inc., which suggests stability from this shareholder group.

Negatives

• NA

Risks

• The reporting persons disclaim beneficial ownership of the reported shares, except to the extent of their pecuniary interest.

Future Outlook

NA

Management Comments

• The securities referred to were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant, albeit passive, ownership stake by Trigran Investments and its principals.

Key Dates

Keywords

Red Violet, Trigran Investments, Schedule 13G, Beneficial Ownership, Passive Investment, Common Stock, SEC Filing, Investment Management