Karen Singer Acquires 45,000 Shares of SeaChange International (SEAC) Stock

SeaChange International (NASDAQ:SEAC) major shareholder Karen Singer acquired 45,000 shares of the business’s stock in a transaction that occurred on Friday, January 4th. The stock was acquired at an average cost of $1.42 per share, with a total value of $63,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that 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, January 7th, Karen Singer acquired 45,660 shares of SeaChange International stock. The stock was acquired at an average cost of $1.46 per share, with a total value of $66,663.60.
  • On Saturday, December 28th, Karen Singer acquired 1,300 shares of SeaChange International stock. The stock was acquired at an average cost of $1.24 per share, with a total value of $1,612.00.
  • On Thursday, December 27th, Karen Singer acquired 11,090 shares of SeaChange International stock. The stock was acquired at an average cost of $1.23 per share, with a total value of $13,640.70.
  • On Friday, December 21st, Karen Singer acquired 1,998 shares of SeaChange International stock. The stock was acquired at an average cost of $1.18 per share, with a total value of $2,357.64.
  • On Monday, December 24th, Karen Singer acquired 2,596 shares of SeaChange International stock. The stock was acquired at an average cost of $1.18 per share, with a total value of $3,063.28.
  • On Wednesday, December 19th, Karen Singer acquired 25,656 shares of SeaChange International stock. The stock was acquired at an average cost of $1.23 per share, with a total value of $31,556.88.
  • On Monday, December 17th, Karen Singer acquired 53,003 shares of SeaChange International stock. The stock was acquired at an average cost of $1.30 per share, with a total value of $68,903.90.
  • On Thursday, December 13th, Karen Singer acquired 222,463 shares of SeaChange International stock. The stock was acquired at an average cost of $1.34 per share, with a total value of $298,100.42.

Shares of SEAC opened at $1.62 on Wednesday. SeaChange International has a twelve month low of $1.13 and a twelve month high of $3.83. The firm has a market capitalization of $50.77 million, a PE ratio of 14.73 and a beta of 0.46.

SeaChange International (NASDAQ:SEAC) last announced its earnings results on Monday, December 10th. The software maker reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.06. SeaChange International had a net margin of 3.28% and a negative return on equity of 15.15%. The business had revenue of $18.61 million for the quarter, compared to the consensus estimate of $17.31 million. As a group, sell-side analysts expect that SeaChange International will post -0.4 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in SeaChange International by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,256,002 shares of the software maker’s stock valued at $7,715,000 after purchasing an additional 126,526 shares in the last quarter. Renaissance Technologies LLC increased its holdings in SeaChange International by 4.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,150,803 shares of the software maker’s stock valued at $7,356,000 after purchasing an additional 83,811 shares in the last quarter. Vanguard Group Inc increased its holdings in SeaChange International by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 1,777,523 shares of the software maker’s stock valued at $3,182,000 after purchasing an additional 13,187 shares in the last quarter. PenderFund Capital Management Ltd. increased its holdings in SeaChange International by 18.6% during the 3rd quarter. PenderFund Capital Management Ltd. now owns 1,710,532 shares of the software maker’s stock valued at $3,732,000 after purchasing an additional 268,810 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in SeaChange International by 1,332.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 543,025 shares of the software maker’s stock valued at $1,858,000 after purchasing an additional 505,125 shares in the last quarter. 62.77% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered shares of SeaChange International from a “hold” rating to a “sell” rating in a research report on Saturday, September 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.25.

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About SeaChange International

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 television advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices, as well as SeaChange Rave, an integrated platform.

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