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 SeaChange International stock in a transaction that occurred on Tuesday, June 21st. The shares were purchased at an average cost of $0.54 per share, with a total value of $151,298.28. Following the completion of the acquisition, the insider now owns 6,615,415 shares of the company’s stock, valued at approximately $3,572,324.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 cost of $0.53 per share, with a total value of $141,837.01.

Shares of NASDAQ SEAC traded up $0.01 during trading on Thursday, reaching $0.57. The company had a trading volume of 512,936 shares, compared to its average volume of 2,863,799. SeaChange International, Inc. has a twelve month low of $0.38 and a twelve month high of $3.44. The stock has a market capitalization of $28.19 million, a PE ratio of -4.40 and a beta of 1.03. The stock has a 50-day moving average price of $0.84 and a two-hundred day moving average price of $1.14.

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

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

A number of institutional investors have recently added to or reduced their stakes in SEAC. Personal CFO Solutions LLC acquired a new position in SeaChange International in the first quarter valued at $41,000. US Bancorp DE acquired a new position in SeaChange International in the first quarter valued at $41,000. Vanguard Group Inc. increased its stake in SeaChange International by 6.7% in the first quarter. Vanguard Group Inc. now owns 1,819,336 shares of the software maker’s stock valued at $2,056,000 after purchasing an additional 114,207 shares during the last quarter. Renaissance Technologies LLC increased its stake in SeaChange International by 689.5% in the first quarter. Renaissance Technologies LLC now owns 386,858 shares of the software maker’s stock valued at $437,000 after purchasing an additional 337,858 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in SeaChange International in the first quarter valued at $38,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

About SeaChange International (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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