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 stock was sold at an average price of $4.25, for a total transaction of $2,881,903.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of RLJ Entertainment, Inc. (NASDAQ RLJE) opened at $3.99 on Thursday. The firm has a market cap of $56.29, a P/E ratio of -1.51 and a beta of 2.98. 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 12-month low of $1.47 and a 12-month high of $4.61.

Several large investors have recently modified their holdings of the company. Gabelli Funds LLC purchased a new stake in shares of RLJ Entertainment during the 3rd quarter worth approximately $198,000. Teton Advisors Inc. lifted its position 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 buying an additional 38,334 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position 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 buying an additional 24,000 shares during the last quarter. Institutional investors and hedge funds 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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