Robert Johnson, Chairman of the Board at RLJ Entertainment Inc. (NASDAQ:RLJE), bought a bulk of 6,100 shares of Common Stock, par value $0.001 per share. The shares were bought in a three-day transaction that was completed yesterday, and all the stock was bought indirectly, through the RLJ SPAC Acquisition, LLC, of which Johnson is the sole manager. Thus, the insider bought 1,400 shares on Thursday, for a price of $3.64 per share, and another 2,300 shares on Friday, for $3.72 per share, before closing the transaction yesterday with a final 2,400 shares for $3.74 per share. Following the purchase, Johnson now owns a total of 3.03 million company shares.
In terms of hedge fund holdings, Q1 of the fiscal year showed very little movement in shareholding positions. In fact, the majority shareholder remains Charles Davidson’s Wexford Capital, which owns a total of over 1.5 million shares of the global entertainment firm, with a value of approximately $5.4 million.