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RLJ Entertainment (NASDAQ:RLJE) major shareholder Robert L. Johnson purchased 2,897 shares of the company’s stock in a transaction dated Monday, June 23rd. The stock was purchased at an average price of $3.59 per share, with a total value of $10,400.23. The purchase was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of RLJ Entertainment (NASDAQ:RLJE) remained flat at $3.59 during during mid-day trading trading on Tuesday. RLJ Entertainment has a 1-year low of $3.32 and a 1-year high of $6.07. The stock’s 50-day moving average is $3.69 and its 200-day moving average is $4.26. The company’s market cap is $48.2 million.

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

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