RLJ Entertainment Major Shareholder Buys $12,232 in Stock (RLJE)
RLJ Entertainment (NASDAQ:RLJE) major shareholder Rlj Spac Acquisition, Llc bought 2,200 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average price of $5.56 per share, with a total value of $12,232.00. Following the purchase, the insider now directly owns 3,257,837 shares in the company. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
RLJE has been the subject of a number of recent research reports. 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.
Shares of RLJ Entertainment (NASDAQ:RLJE) traded down 0.72% on Tuesday, hitting $5.50. 1,125 shares of the company’s stock traded hands. 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 $5.6 and its 200-day moving average is $4.71. The company’s market cap is $74.7 million.
RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).
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