RLJ Entertainment Inc (RLJE) Major Shareholder Sells $2,881,903.75 in Stock

RLJ Entertainment Inc (NASDAQ:RLJE) major shareholder Jh Evergreen Management, Llc sold 678,095 shares of the business’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 value of $2,881,903.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of RLJ Entertainment Inc (NASDAQ:RLJE) traded up $0.03 during trading on Tuesday, reaching $4.00. The company’s stock had a trading volume of 17,309 shares, compared to its average volume of 17,780. The company has a market cap of $55.86, a P/E ratio of -1.51 and a beta of 2.98. The company has a quick ratio of 1.42, a current ratio of 1.50 and a debt-to-equity ratio of -5.22. RLJ Entertainment Inc has a 12 month low of $1.47 and a 12 month high of $4.61.

RLJ Entertainment (NASDAQ:RLJE) last announced its quarterly earnings data on Thursday, November 9th. The company reported ($0.22) EPS for the quarter.

Several hedge funds have recently modified their holdings of the business. Teton Advisors Inc. lifted its stake in shares of RLJ Entertainment by 10.9% during the 3rd 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 during the last quarter. Gamco Investors INC. ET AL lifted its stake 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 last quarter. Finally, Gabelli Funds LLC purchased a new stake in shares of RLJ Entertainment during the 3rd quarter worth $198,000. Institutional investors and hedge funds own 7.41% of the company’s stock.

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RLJ Entertainment Company Profile

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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