SeaChange International, Inc. (NASDAQ:SEAC) Major Shareholder Karen Singer Buys 280,182 Shares

SeaChange International, Inc. (NASDAQ:SEACGet Rating) major shareholder Karen Singer acquired 280,182 shares of the business’s stock in a transaction on Tuesday, June 21st. The shares were purchased at an average price of $0.54 per share, for a total transaction of $151,298.28. Following the purchase, the insider now directly owns 6,615,415 shares of the company’s stock, valued at $3,572,324.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, June 16th, Karen Singer acquired 267,617 shares of SeaChange International stock. The shares were purchased at an average price of $0.53 per share, for a total transaction of $141,837.01.

Shares of SeaChange International stock traded up $0.01 on Thursday, reaching $0.57. 512,936 shares of the company were exchanged, compared to its average volume of 2,863,799. The company’s 50-day moving average is $0.84 and its two-hundred day moving average is $1.14. The firm has a market cap of $28.19 million, a price-to-earnings ratio of -4.40 and a beta of 1.03. SeaChange International, Inc. has a 1-year low of $0.38 and a 1-year high of $3.44.

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

Several institutional investors have recently made changes to their positions in SEAC. Personal CFO Solutions LLC acquired a new stake in shares of SeaChange International during the 1st quarter worth approximately $41,000. US Bancorp DE acquired a new stake in shares of SeaChange International during the 1st quarter worth approximately $41,000. Vanguard Group Inc. grew its holdings in SeaChange International by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 1,819,336 shares of the software maker’s stock worth $2,056,000 after buying an additional 114,207 shares in the last quarter. Renaissance Technologies LLC grew its holdings in SeaChange International by 689.5% in the 1st quarter. Renaissance Technologies LLC now owns 386,858 shares of the software maker’s stock worth $437,000 after buying an additional 337,858 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in SeaChange International in the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Separately, StockNews.com cut SeaChange International from a “hold” rating to a “sell” rating in a research note on Thursday, June 2nd.

SeaChange International Company Profile (Get Rating)

SeaChange International, Inc provides multiscreen, 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 televisions, 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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