RLJ Entertainment, Inc. (NASDAQ:RLJE) major shareholder Jh Evergreen Management, Llc sold 678,095 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $4.25, for a total transaction of $2,881,903.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of RLJ Entertainment, Inc. (NASDAQ:RLJE) opened at $3.92 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.42 and a debt-to-equity ratio of -5.22. RLJ Entertainment, Inc. has a fifty-two week low of $1.47 and a fifty-two week high of $4.61. The stock has a market capitalization of $55.16, a PE ratio of -1.48 and a beta of 2.98.
Several large investors have recently modified their holdings of RLJE. Gamco Investors INC. ET AL grew its holdings in shares of RLJ Entertainment by 15.7% during the 3rd 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 during the period. Teton Advisors Inc. boosted its holdings in RLJ Entertainment by 10.9% in the 3rd quarter. Teton Advisors Inc. now owns 388,683 shares of the company’s stock worth $1,380,000 after acquiring an additional 38,334 shares during the period. Finally, Gabelli Funds LLC purchased a new position in RLJ Entertainment in the 3rd quarter worth approximately $198,000. Institutional investors and hedge funds own 7.41% of the company’s stock.
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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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