SeaChange International, Inc. (NASDAQ: SEAC) Major Shareholder Karen Singer Buys 166,342 Shares


SeaChange International, Inc. (NASDAQ: SEACGet a rating) major shareholder Karen Singer acquired 166,342 shares of the company in a transaction on Wednesday, July 13. The shares were acquired at an average cost of $0.52 per share, for a total transaction of $86,497.84. Following the transaction, the insider now directly owns 7,637,492 shares of the company, valued at $3,971,495.84. The purchase was disclosed in a legal filing with the SEC, which is available via this hyperlink. Major shareholders who own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Karen Singer also recently made the following trade(s):

  • 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, for a total transaction 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, for a total transaction 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, for a total transaction of $2,356.38.
  • On Friday July 1, Karen Singer acquired 96,276 shares of SeaChange International. The shares were acquired at an average cost of $0.59 per share, for a total transaction of $56,802.84.
  • On Wednesday, June 29, Karen Singer acquired 98,262 shares of SeaChange International. The shares were acquired at an average cost 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 shares were purchased at an average price of $0.60 per share, with a total value 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, with a total value 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, with a total value of $141,837.01.

Shares of SEAC stock opened at $0.57 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 $28.19 million, a price-earnings ratio of -4.40 and a beta of 1.11. The stock has a fifty-day simple moving average of $0.69 and a two-hundred-day simple moving average of $1.05.

Separately, StockNews.com upgraded 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. Personal CFO Solutions LLC purchased a new equity stake in SeaChange International during Q1 for $41,000. US Bancorp DE bought a new stake in shares of SeaChange International during Q1 for $41,000. Vanguard Group Inc. increased its stake in shares of SeaChange International by 6.7% during 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 in the last quarter. 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 worth $437,000 after buying 337,858 additional shares in the last quarter. Finally, Jane Street Group LLC purchased a new equity stake in SeaChange International during Q1 for $38,000. 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.

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



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