other material
confidence high
sentiment positive
materiality 0.65
Red Violet expands stock repurchase program by $5M, buys 200k shares at $20.50
Red Violet, Inc.
- Board approved $5M increase to stock repurchase program; prior remaining was ~$4M.
- On March 29, 2024, repurchased 200,000 shares at $20.50 per share from Greater Miami Jewish Federation.
- Following repurchase, Greater Miami Jewish Federation is no longer a beneficial holder.
- Shares repurchased at $20.50 represent ~$4.1M total outlay.