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RLJ Entertainment (NASDAQ:RLJE) major shareholder Robert L. Johnson bought 1,370 shares of RLJ Entertainment stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average cost of $3.46 per share, with a total value of $4,740.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of RLJ Entertainment (NASDAQ:RLJE) traded up 0.86% on Wednesday, hitting $3.52. The stock had a trading volume of 2,508 shares. RLJ Entertainment has a 52 week low of $3.32 and a 52 week high of $6.07. The stock’s 50-day moving average is $3.87 and its 200-day moving average is $4.38. The company’s market cap is $47.3 million.

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

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