RLJ Entertainment Major Shareholder Rlj Spac Acquisition, Llc Purchases 3,600 Shares (RLJE)
RLJ Entertainment (NASDAQ:RLJE) major shareholder Rlj Spac Acquisition, Llc purchased 3,600 shares of RLJ Entertainment stock on the open market in a transaction dated Thursday, October 3rd. The stock was purchased at an average cost of $5.05 per share, for a total transaction of $18,180.00. Following the acquisition, the insider now directly owns 3,266,709 shares of the company’s stock, valued at approximately $16,496,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
RLJ Entertainment (NASDAQ:RLJE) traded up 1.83% on Thursday, hitting $5.00. The stock had a trading volume of 3,381 shares. RLJ Entertainment has a one year low of $3.25 and a one year high of $9.68. The stock has a 50-day moving average of $5.54 and a 200-day moving average of $4.78. The company’s market cap is $67.9 million.
Separately, 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.
RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).
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