RLJ Entertainment, Inc. (RLJE) Issues Earnings Results
RLJ Entertainment, Inc. (NASDAQ:RLJE) announced its quarterly earnings results on Thursday. The company reported ($0.24) EPS for the quarter, Morningstar.com reports. The business had revenue of $18.83 million for the quarter.
Shares of RLJ Entertainment (NASDAQ RLJE) traded up 0.25% on Friday, reaching $3.98. 1,743 shares of the company’s stock were exchanged. The company’s market cap is $19.10 million. The firm’s 50-day moving average price is $3.64 and its 200 day moving average price is $2.74. RLJ Entertainment has a 12 month low of $1.09 and a 12 month high of $4.61.
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A number of hedge funds have recently bought and sold shares of the stock. Edge Wealth Management LLC increased its stake in RLJ Entertainment by 16.2% in the second quarter. Edge Wealth Management LLC now owns 168,400 shares of the company’s stock worth $555,000 after buying an additional 23,484 shares in the last quarter. Teton Advisors Inc. increased its stake in RLJ Entertainment by 7.7% in the second quarter. Teton Advisors Inc. now owns 350,349 shares of the company’s stock worth $1,160,000 after buying an additional 24,949 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in RLJ Entertainment by 61.0% in the second quarter. Gamco Investors INC. ET AL now owns 152,428 shares of the company’s stock worth $505,000 after buying an additional 57,728 shares in the last quarter. 5.84% of the stock is owned by hedge funds and other institutional investors.
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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