Karen Singer buys 98,262 shares of SeaChange International, Inc. (NASDAQ: SEAC)


SeaChange International, Inc. (NASDAQ: SEACGet a rating) major shareholder Karen Singer bought 98,262 shares of the company in a transaction that took place on Wednesday, June 29. The stock was purchased at an average price of $0.60 per share, for a total transaction of $58,957.20. Following the acquisition, the insider now owns 6,875,616 shares of the company, valued at $4,125,369.60. The acquisition was disclosed in a legal filing with the SEC, available at this link. 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 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 stock was 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 acquired at an average price of $0.53 per share, for a total transaction of $141,837.01.

Shares of SEAC stock opened at $0.60 on Friday. SeaChange International, Inc. has a 12-month low of $0.38 and a 12-month high of $3.44. The stock has a market capitalization of $29.76 million, a PE ratio of -4.64 and a beta of 1.03. The company’s fifty-day moving average price is $0.79 and its 200-day moving average price is $1.13.

Sea Change International (NASDAQ: SEACGet a rating) last announced its quarterly results on Friday, April 8. The software maker reported earnings per share (EPS) of $0.01 for the quarter. The company had revenue of $8.57 million for the quarter. SeaChange International had a negative net margin of 21.94% and a negative return on equity of 11.32%.

Institutional investors have recently changed their positions in the stock. Vanguard Group Inc. increased its stake in SeaChange International by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 1,819,336 shares of the software maker worth $2,056,000 after buying an additional 114,207 shares last quarter. Renaissance Technologies LLC increased its stake 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 buying 337,858 additional shares last quarter. US Bancorp DE bought a new position in SeaChange International in Q1 for a value of around $41,000. Virtu Financial LLC bought a new position in SeaChange International in Q1 worth around $39,000. Finally, Jane Street Group LLC bought a new position in SeaChange International in Q1 worth around $38,000. Institutional investors hold 22.50% of the company’s shares.

Separately, StockNews.com moved shares of SeaChange International from a “hold” rating to a “sell” rating in a Thursday, June 2 report.

About SeaChange International (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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