RLJ Entertainment Major Shareholder Rlj Spac Acquisition, Llc Acquires 1,769 Shares (RLJE)
RLJ Entertainment (NASDAQ:RLJE) major shareholder Rlj Spac Acquisition, Llc acquired 1,769 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of $5.65 per share, with a total value of $9,994.85. Following the transaction, the insider now directly owns 3,255,637 shares in the company. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. Analysts at Roth Capital initiated coverage on shares of RLJ Entertainment (NASDAQ:RLJE) in a research note to investors on Wednesday, July 10th. They set a “buy” rating on the stock. Analysts at Thomson Reuters/Verus initiated coverage on shares of RLJ Entertainment (NASDAQ:RLJE) in a research note to investors on Monday, July 1st. They set a “sell” rating on the stock.
RLJ Entertainment (NASDAQ:RLJE) remained flat at $5.55 during trading on Wednesday. RLJ Entertainment has a 52 week low of $3.25 and a 52 week high of $9.96. The stock’s 50-day moving average is $5.70 and its 200-day moving average is $4.6. The company’s market cap is $75.4 million.
RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).
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