Karen Singer buys 341,000 shares of SeaChange International, Inc. (NASDAQ: SEAC)


SeaChange International, Inc. (NASDAQ: SEACGet a rating) major shareholder Karen Singer acquired 341,000 shares of the company in a transaction that took place on Friday, July 15. The shares were acquired at an average cost of $0.58 per share, with a total value of $197,780.00. Following the completion of the acquisition, the insider now owns 8,156,770 shares of the company, valued at approximately $4,730,926.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Large shareholders who own at least 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 Wednesday July 13, Karen Singer acquired 166,342 shares of SeaChange International. The shares were acquired at an average cost of $0.52 per share, with a total value of $86,497.84.
  • On Monday, July 11, Karen Singer acquired 158,600 shares of SeaChange International. The shares were acquired at an average cost of $0.57 per share, with a total value of $90,402.00.
  • On Thursday, July 7, Karen Singer acquired 96,071 shares of SeaChange International. The shares were acquired at an average cost of $0.57 per share, with a total value of $54,760.47.
  • On Tuesday, July 5, Karen Singer acquired 4,134 shares of SeaChange International. The shares were acquired at an average cost of $0.57 per share, with a total value of $2,356.38.
  • On Friday July 1, Karen Singer purchased 96,276 shares of SeaChange International. The shares were purchased at an average price of $0.59 per share, for a total transaction of $56,802.84.
  • On Wednesday, June 29, Karen Singer purchased 98,262 shares of SeaChange International. The stock was purchased at an average price of $0.60 per share, for a total transaction of $58,957.20.
  • On Monday, June 27, Karen Singer purchased 142,398 shares of SeaChange International. The stock was purchased at an average price of $0.60 per share, for a total transaction of $85,438.80.
  • On Tuesday, June 21, Karen Singer purchased 280,182 shares of SeaChange International. The shares were purchased at an average price of $0.54 per share, for a total transaction of $151,298.28.
  • On Thursday, June 16, Karen Singer purchased 267,617 shares of SeaChange International. The shares were purchased at an average price of $0.53 per share, for a total transaction of $141,837.01.

Performance of SeaChange international equities

Action SeaChange International opened at $0.60 on Tuesday. The company’s fifty-day moving average price is $0.67 and its 200-day moving average price is $1.03. The stock has a market capitalization of $29.56 million, a P/E ratio of -4.61 and a beta of 1.11. SeaChange International, Inc. has a fifty-two week low of $0.38 and a fifty-two week high of $3.44.

Sea Change International (NASDAQ: SEACGet a rating) last released its quarterly earnings data on Wednesday, June 8. The software maker reported ($0.04) earnings per share for the quarter. The company had revenue of $6.72 million for the quarter. SeaChange International had a negative net margin of 21.94% and a negative return on equity of 11.32%.

Analyst upgrades and downgrades

Separately, StockNews.com reduced SeaChange International’s shares from a “hold” to a “sell” rating in a Thursday, June 2 research note.

Hedge funds weigh on SeaChange International

A number of large investors have recently increased or reduced their stakes in the company. Vanguard Group Inc. increased its position in SeaChange International by 6.7% in Q1. Vanguard Group Inc. now owns 1,819,336 shares of the software maker worth $2,056,000 after purchasing an additional 114,207 shares during the period. Renaissance Technologies LLC increased its position in SeaChange International by 689.5% in the 1st 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. Personal CFO Solutions LLC bought a new position in SeaChange International in Q1 worth $41,000. US Bancorp DE bought a new position in SeaChange International in Q1 worth $41,000. Finally, Virtu Financial LLC bought a new position in SeaChange International in Q1 worth $39,000. Hedge funds and other institutional investors 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.

Further reading

Insider buying and selling by quarter for SeaChange International (NASDAQ:SEAC)



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