RLJ Entertainment (NASDAQ:RLJE) Announces Quarterly Earnings Results

RLJ Entertainment (NASDAQ:RLJE) released its quarterly earnings data on Thursday, March 15th. The company reported $0.60 earnings per share for the quarter, Morningstar.com reports. The firm had revenue of $32.68 million for the quarter.

Shares of NASDAQ RLJE traded down $0.01 during mid-day trading on Friday, hitting $4.98. 14,009 shares of the stock traded hands, compared to its average volume of 16,930. The company has a debt-to-equity ratio of -13.09, a current ratio of 1.64 and a quick ratio of 1.56. RLJ Entertainment has a twelve month low of $2.49 and a twelve month high of $5.24.

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A hedge fund recently bought a new stake in RLJ Entertainment stock. Gabelli Funds LLC acquired a new stake in shares of RLJ Entertainment Inc (NASDAQ:RLJE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 55,800 shares of the company’s stock, valued at approximately $198,000. Gabelli Funds LLC owned approximately 0.43% of RLJ Entertainment as of its most recent SEC filing. Institutional investors and hedge funds own 7.41% of the company’s stock.

Separately, ValuEngine downgraded RLJ Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday.

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About RLJ Entertainment

RLJ Entertainment, Inc, a digital channel company, acquires content rights in British mysteries and dramas, urban-themed programming, and full-length motion pictures in the United States, the United Kingdom, and internationally. It operates through three segments: Proprietary Subscription-Based Digital Channels, Intellectual Property Licensing, and Wholesale Distribution.

Earnings History for RLJ Entertainment (NASDAQ:RLJE)

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