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RLJ Entertainment (NASDAQ:RLJE) major shareholder Rlj Spac Acquisition, Llc acquired 6,200 shares of RLJ Entertainment stock on the open market in a transaction that occurred on Monday, June 30th. The stock was purchased at an average price of $3.82 per share, with a total value of $23,684.00. Following the purchase, the insider now directly owns 3,025,290 shares of the company’s stock, valued at approximately $11,556,608. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of RLJ Entertainment (NASDAQ:RLJE) traded down 1.80% during mid-day trading on Monday, hitting $3.82. 4,038 shares of the company’s stock traded hands. 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 $3.67 and its 200-day moving average is $4.25. The company’s market cap is $51.3 million.

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

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