RLJ Entertainment Major Shareholder Purchases $11,292 in Stock (RLJE)
RLJ Entertainment (NASDAQ:RLJE) major shareholder Rlj Spac Acquisition, Llc purchased 2,072 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average price of $5.45 per share, with a total value of $11,292.40. Following the completion of the transaction, the insider now directly owns 3,259,909 shares of the company’s stock, valued at approximately $17,766,504. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on RLJE. 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) traded down 7.18% on Monday, hitting $5.30. 15,309 shares of the company’s stock traded hands. RLJ Entertainment has a 52 week low of $3.25 and a 52 week high of $9.75. The stock’s 50-day moving average is $5.66 and its 200-day moving average is $4.74. The company’s market cap is $72.0 million.
RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).
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