Karen Singer acquires 280,182 shares of SeaChange International, Inc. (NASDAQ: SEAC)
SeaChange International, Inc. (NASDAQ: SEAC – Get a rating) major shareholder Karen Singer acquired 280,182 shares in a transaction that took place on Tuesday, June 21. The shares were purchased at an average cost of $0.54 per share, with a total value of $151,298.28. Following the completion of the acquisition, the insider now owns 6,615,415 shares of the company, valued at $3,572,324.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Major shareholders who own more than 10% of a company’s stock are required to disclose their sales and purchases to the SEC.
Karen Singer also recently made the following trade(s):
- On Thursday, June 16, Karen Singer acquired 267,617 shares of SeaChange International. The shares were purchased at an average cost of $0.53 per share, with a total value of $141,837.01.
NASDAQ: SEAC opened at $0.58 on Friday. The company has a market capitalization of $28.78 million, a PE ratio of -4.49 and a beta of 1.03. The stock has a 50-day moving average of $0.83 and a 200-day moving average of $1.14. SeaChange International, Inc. has a 52-week low of $0.38 and a 52-week high of $3.44.
Sea Change International (NASDAQ: SEAC – Get a rating) last released its results on Friday, April 8. The software maker reported EPS of $0.01 for the quarter. The company had revenue of $8.57 million in the quarter. SeaChange International recorded a negative return on equity of 11.32% and a negative net margin of 21.94%.
Separately, StockNews.com downgraded SeaChange International from a “hold” rating to a “sell” rating in a Thursday, June 2 report.
Several hedge funds and other institutional investors have recently changed their stakes in SEAC. Jane Street Group LLC acquired a new equity position in SeaChange International during the first quarter worth approximately $38,000. Virtu Financial LLC acquired a new stake in SeaChange International in the first quarter worth approximately $39,000. US Bancorp DE acquired a new stake in SeaChange International in the first quarter worth approximately $41,000. Personal CFO Solutions LLC acquired a new stake in SeaChange International in the first quarter worth approximately $41,000. Finally, Renaissance Technologies LLC increased its position in SeaChange International by 689.5% in the first quarter. Renaissance Technologies LLC now owns 386,858 shares of the software maker worth $437,000 after purchasing an additional 337,858 shares during the period. Institutional investors and hedge funds hold 22.50% of the company’s shares.
SeaChange International Company Profile (Get a rating)
SeaChange International, Inc provides multi-screen, advertising and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management and distribution of video and advertising content worldwide. The Company offers video products, including video back office, a software platform that enables content and service providers to manage, monetize and deliver a seamless viewing experience to subscribers across TVs, personal computers (PCs), tablets, smart phones and other IP-enabled devices; and media asset management software, which is used to receive, manage and publish video content for viewing on televisions, tablets, PCs and other consumer devices.
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