In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Rlj Entertainment Inc. (NASDAQ:RLJE) reported that GAMCO Investors has picked up 12,000 of common stock as of 2017-02-17.
The acquisition brings the aggregate amount owned by GAMCO Investors to a total of 12,000 representing a 0.23% stake in the company.
For those not familiar with the company, 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. The IP Licensing segment includes IP rights that the Company owns, produces and then exploits in various formats, including digital versatile disc, Blu-ray, digital, broadcast, video on demand, streaming video, downloading and sublicensing. The Wholesale segment exploits the content to third parties, such as Walmart, Best Buy, Target, Amazon and Costco, while the Direct-to-Consumer segment distributes directly to the consumer through different exploitation channels. The Direct-to-Consumer segment distributes film and television content through its subscription-based, digitally streaming channels (Acorn TV and Urban Movie Channel (UMC)), its e-commerce Websites and mail-order catalogs.
A glance at Rlj Entertainment Inc. (NASDAQ:RLJE)’s key stats reveals a current market capitalization of 12.63 million based on 5.24 Million shares outstanding and a price at last close of $2.51 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2013-06-19, Wardell picked up 300 at a purchase price of $4.09. This brings their total holding to 300 as of the date of the filing.
On the sell side, the most recent transaction saw Nunis unload 10,100 shares at a sale price of $0.61. This brings their total holding to 55,983.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Rlj Entertainment Inc. (NASDAQ:RLJE) as things move forward to see if its progress aligns with these transactions.
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