other material
confidence high
sentiment positive
materiality 0.60
Red Violet Board authorizes additional $5 million share repurchase; total program now $10 million
Red Violet, Inc.
- Board authorized $5.0M additional share repurchase, effective immediately; prior program had ~$500k remaining.
- Since Nov 3, 2023: repurchased 93,814 shares at weighted avg $19.97.
- Since May 2022: repurchased $4.5M at weighted avg $18.78.
- CEO Derek Dubner expressed confidence in business and free cash flow; program has no expiration date.