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RLJ Entertainment (NASDAQ:RLJE) major shareholder Rlj Spac Acquisition, Llc acquired 1,700 shares of RLJ Entertainment stock in a transaction dated Tuesday, July 1st. The shares were purchased at an average price of $3.75 per share, with a total value of $6,375.00. Following the completion of the purchase, the insider now directly owns 3,026,990 shares in the company, valued at approximately $11,351,213. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

RLJ Entertainment (NASDAQ:RLJE) traded up 4.43% on Friday, hitting $3.864. 1,050 shares of the company’s stock traded hands. RLJ Entertainment has a one year low of $3.32 and a one year high of $6.07. The stock has a 50-day moving average of $3.66 and a 200-day moving average of $4.23. The company’s market cap is $51.9 million.

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

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