RLJ Entertainment, Inc. (NASDAQ:RLJE) CEO Miguel Penella sold 22,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $3.68, for a total transaction of $80,960.00. Following the transaction, the chief executive officer now owns 305,405 shares in the company, valued at $1,123,890.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of RLJ Entertainment, Inc. (NASDAQ RLJE) traded down $0.03 during trading hours on Wednesday, reaching $3.71. 26,427 shares of the company traded hands, compared to its average volume of 14,250. The company has a market cap of $52.91, a P/E ratio of -1.40 and a beta of 2.98. RLJ Entertainment, Inc. has a one year low of $1.47 and a one year high of $4.61. The company has a debt-to-equity ratio of -5.22, a current ratio of 1.50 and a quick ratio of 1.42.

A number of large investors have recently modified their holdings of the stock. Teton Advisors Inc. grew its holdings in RLJ Entertainment by 10.9% during the 3rd quarter. Teton Advisors Inc. now owns 388,683 shares of the company’s stock valued at $1,380,000 after purchasing an additional 38,334 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in RLJ Entertainment by 15.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 176,428 shares of the company’s stock valued at $626,000 after purchasing an additional 24,000 shares during the last quarter. Finally, Gabelli Funds LLC bought a new position in RLJ Entertainment during the 3rd quarter valued at about $198,000. Institutional investors own 7.41% of the company’s stock.

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RLJ Entertainment Company Profile

RLJ Entertainment, Inc (RLJE) is a global entertainment content distribution company. RLJE is a film and television licensee focusing on action, thriller and horror independent feature films. RLJE operates through three segments: Intellectual Property (IP) Licensing; Wholesale, and Direct-to-Consumer.

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