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RLJ Entertainment (NASDAQ:RLJE) major shareholder Rlj Spac Acquisition, Llc bought 1,600 shares of the stock in a transaction dated Thursday, February 6th. The shares were purchased at an average price of $4.75 per share, with a total value of $7,600.00. Following the transaction, the insider now directly owns 3,408,589 shares in the company, valued at approximately $16,190,798. The purchase 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 sales and purchases with the SEC.

RLJ Entertainment (NASDAQ:RLJE) remained flat at $4.75 during trading on Monday. RLJ Entertainment has a one year low of $3.50 and a one year high of $6.07. The stock’s 50-day moving average is $4.72 and its 200-day moving average is $5.0. The company’s market cap is $65.1 million.

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

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