Insider Buying: RLJ Entertainment major shareholder Rlj Spac Acquisition, Llc Acquires 6,200 Shares of Stock (RLJE)
RLJ Entertainment (NASDAQ:RLJE) major shareholder Rlj Spac Acquisition, Llc bought 6,200 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average price of $3.82 per share, with a total value of $23,684.00. Following the completion of the acquisition, the insider now directly owns 3,025,290 shares of the company’s stock, valued at approximately $11,556,608. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of RLJ Entertainment (NASDAQ:RLJE) opened at 3.7153 on Wednesday. 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 $3.66 and its 200-day moving average is $4.24. The company’s market cap is $49.9 million.
RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).