RLJ Entertainment, Inc. (NASDAQ:RLJE) major shareholder Jh Evergreen Management, Llc sold 678,095 shares of RLJ Entertainment 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 sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
RLJ Entertainment, Inc. (NASDAQ RLJE) opened at $3.99 on Wednesday. RLJ Entertainment, Inc. has a 12 month low of $1.47 and a 12 month high of $4.61. The firm has a market cap of $56.14, a PE ratio of -1.51 and a beta of 2.98. The company has a debt-to-equity ratio of -5.22, a current ratio of 1.50 and a quick ratio of 1.42.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Teton Advisors Inc. raised its stake in shares of RLJ Entertainment by 10.9% in the third 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 last quarter. Gamco Investors INC. ET AL raised its stake in shares of RLJ Entertainment by 15.7% in the third quarter. Gamco Investors INC. ET AL now owns 176,428 shares of the company’s stock worth $626,000 after acquiring an additional 24,000 shares during the last quarter. Finally, Gabelli Funds LLC bought a new position in shares of RLJ Entertainment in the third quarter worth about $198,000. 7.41% of the stock is owned by institutional investors.
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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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