RLJ Entertainment, Inc. (NASDAQ:RLJE) major shareholder Jh Evergreen Management, Llc sold 678,095 shares of RLJ Entertainment stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
RLJ Entertainment, Inc. (NASDAQ RLJE) opened at $3.92 on Friday. RLJ Entertainment, Inc. has a 1 year low of $1.47 and a 1 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. The firm has a market cap of $55.16, a price-to-earnings ratio of -1.48 and a beta of 2.98.
A number of large investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL grew its position in RLJ Entertainment by 15.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 176,428 shares of the company’s stock valued at $626,000 after buying an additional 24,000 shares during the last quarter. Teton Advisors Inc. grew its position in RLJ Entertainment by 10.9% in the 3rd quarter. Teton Advisors Inc. now owns 388,683 shares of the company’s stock valued at $1,380,000 after buying an additional 38,334 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new position in RLJ Entertainment in the 3rd quarter valued at $198,000. Hedge funds and other institutional investors own 7.41% of the company’s stock.
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About RLJ Entertainment
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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