RLJ Entertainment, Inc. (NASDAQ:RLJE) major shareholder Jh Evergreen Management, Llc sold 678,095 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $4.25, for a total transaction of $2,881,903.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, Inc. (NASDAQ RLJE) traded down $0.01 during mid-day trading on Tuesday, reaching $3.99. 9,568 shares of the company’s stock were exchanged, compared to its average volume of 16,311. The company has a market capitalization of $55.63, a PE ratio of -1.51 and a beta of 2.98. RLJ Entertainment, Inc. has a 1 year low of $1.47 and a 1 year high of $4.61. The company has a current ratio of 1.50, a quick ratio of 1.42 and a debt-to-equity ratio of -5.22.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC bought a new position in shares of RLJ Entertainment during the third quarter worth $198,000. Gamco Investors INC. ET AL boosted its position in shares of RLJ Entertainment by 15.7% during the third quarter. Gamco Investors INC. ET AL now owns 176,428 shares of the company’s stock worth $626,000 after purchasing an additional 24,000 shares in the last quarter. Finally, Teton Advisors Inc. boosted its position in shares of RLJ Entertainment by 10.9% during the third quarter. Teton Advisors Inc. now owns 388,683 shares of the company’s stock worth $1,380,000 after purchasing an additional 38,334 shares in the last quarter. 7.41% of the stock is currently owned by institutional investors.
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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