Karen Singer, principal shareholder of SeaChange International, Inc. (NASDAQ: SEAC) buys 96,071 shares


SeaChange International, Inc. (NASDAQ: SEACGet a rating) major shareholder Karen Singer acquired 96,071 shares of the company in a transaction that took place on Thursday, July 7. The shares were purchased at an average price of $0.57 per share, with a total value of $54,760.47. Following the completion of the transaction, the insider now directly owns 7,206,643 shares of the company, valued at $4,107,786.51. The transaction was disclosed in an SEC filing, available at 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 Tuesday, July 5, Karen Singer acquired 4,134 shares of SeaChange International. The shares were purchased at an average price of $0.57 per share, with a total value of $2,356.38.
  • On Friday July 1, Karen Singer acquired 96,276 shares of SeaChange International. The shares were purchased at an average price of $0.59 per share, with a total value of $56,802.84.
  • On Wednesday, June 29, Karen Singer acquired 98,262 shares of SeaChange International. The shares were purchased at an average price of $0.60 per share, with a total value of $58,957.20.
  • On Monday, June 27, Karen Singer acquired 142,398 shares of SeaChange International. The shares were purchased at an average price of $0.60 per share, for a total value of $85,438.80.
  • On Tuesday, June 21, Karen Singer acquired 280,182 shares of SeaChange International. The shares were purchased at an average price of $0.54 per share, with a total value 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, with a total value of $141,837.01.

Shares of SEAC opened at $0.57 on Friday. The stock has a fifty-day moving average of $0.72 and a two-hundred-day moving average of $1.08. The company has a market capitalization of $28.23 million, a PE ratio of -4.41 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 results on Friday, April 8. The software maker reported earnings per share 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%.

Hedge funds and other institutional investors have recently changed their positions in the company. Jane Street Group LLC purchased a new equity stake in SeaChange International during Q1 for $38,000. Virtu Financial LLC purchased a new equity stake in SeaChange International during Q1 for $39,000. US Bancorp DE bought a new equity stake in SeaChange International during Q1 for $41,000. Personal CFO Solutions LLC purchased a new equity stake in SeaChange International during Q1 for $41,000. Finally, Renaissance Technologies LLC increased its stake in the shares of SeaChange International by 689.5% during the 1st quarter. Renaissance Technologies LLC now owns 386,858 shares of the software maker valued at $437,000 after purchasing an additional 337,858 shares during the period. 22.50% of the shares are held by institutional investors.

Separately, StockNews.com downgraded 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.

Further reading

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



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