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RLJ Entertainment (NASDAQ:RLJE) major shareholder Rlj Spac Acquisition, Llc acquired 2,900 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of $4.83 per share, with a total value of $14,007.00. Following the completion of the transaction, the insider now directly owns 3,402,042 shares in the company, valued at approximately $16,431,863. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

RLJ Entertainment (NASDAQ:RLJE) traded up 3.98% during mid-day trading on Monday, hitting $4.835. The stock had a trading volume of 1,425 shares. RLJ Entertainment has a 52 week low of $3.25 and a 52 week high of $6.07. The stock has a 50-day moving average of $4.59 and a 200-day moving average of $5.11. The company’s market cap is $66.2 million.

RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).

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