SeaChange International (SEAC) Major Shareholder Karen Singer Buys 50,504 Shares

SeaChange International (NASDAQ:SEAC) major shareholder Karen Singer purchased 50,504 shares of the stock in a transaction dated Friday, February 8th. The stock was bought at an average cost of $1.63 per share, with a total value of $82,321.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large 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 Monday, February 4th, Karen Singer purchased 85,908 shares of SeaChange International stock. The stock was bought at an average cost of $1.57 per share, with a total value of $134,875.56.
  • On Friday, January 18th, Karen Singer purchased 361,200 shares of SeaChange International stock. The stock was bought at an average cost of $1.66 per share, with a total value of $599,592.00.
  • On Tuesday, January 15th, Karen Singer purchased 800 shares of SeaChange International stock. The stock was bought at an average cost of $1.62 per share, with a total value of $1,296.00.
  • On Wednesday, January 9th, Karen Singer purchased 104,840 shares of SeaChange International stock. The stock was bought at an average cost of $1.58 per share, with a total value of $165,647.20.
  • On Monday, January 7th, Karen Singer purchased 45,660 shares of SeaChange International stock. The stock was bought at an average cost of $1.46 per share, with a total value of $66,663.60.
  • On Friday, January 4th, Karen Singer purchased 45,000 shares of SeaChange International stock. The stock was bought at an average cost of $1.42 per share, with a total value of $63,900.00.
  • On Friday, December 28th, Karen Singer purchased 1,300 shares of SeaChange International stock. The stock was bought at an average cost of $1.24 per share, with a total value of $1,612.00.
  • On Thursday, December 27th, Karen Singer purchased 11,090 shares of SeaChange International stock. The stock was bought at an average cost of $1.23 per share, with a total value of $13,640.70.
  • On Friday, December 21st, Karen Singer purchased 1,998 shares of SeaChange International stock. The stock was bought at an average cost of $1.18 per share, with a total value of $2,357.64.
  • On Monday, December 24th, Karen Singer purchased 2,596 shares of SeaChange International stock. The stock was bought at an average cost of $1.18 per share, with a total value of $3,063.28.

Shares of SEAC remained flat at $$1.62 during trading hours on Monday. The stock had a trading volume of 63,569 shares, compared to its average volume of 128,621. The stock has a market cap of $57.92 million, a price-to-earnings ratio of 14.73 and a beta of 0.77. SeaChange International has a 12-month low of $1.13 and a 12-month high of $3.47.

SeaChange International (NASDAQ:SEAC) last released its quarterly earnings data on Monday, December 10th. The software maker reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.06. SeaChange International had a negative return on equity of 15.15% and a net margin of 3.28%. The company had revenue of $18.61 million during the quarter, compared to the consensus estimate of $17.31 million. As a group, sell-side analysts anticipate that SeaChange International will post -0.4 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEAC. PenderFund Capital Management Ltd. increased its holdings in SeaChange International by 18.6% in the 3rd quarter. PenderFund Capital Management Ltd. now owns 1,710,532 shares of the software maker’s stock worth $3,732,000 after buying an additional 268,810 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in SeaChange International by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,256,002 shares of the software maker’s stock worth $7,715,000 after buying an additional 126,526 shares in the last quarter. King Luther Capital Management Corp bought a new stake in SeaChange International in the 3rd quarter worth about $179,000. Bridgeway Capital Management Inc. increased its holdings in SeaChange International by 44.4% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 260,000 shares of the software maker’s stock worth $465,000 after buying an additional 80,000 shares in the last quarter. Finally, Managed Asset Portfolios LLC increased its holdings in SeaChange International by 131.9% in the 4th quarter. Managed Asset Portfolios LLC now owns 135,215 shares of the software maker’s stock worth $170,000 after buying an additional 76,915 shares in the last quarter. Institutional investors own 61.32% of the company’s stock.

Separately, Zacks Investment Research raised SeaChange International from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. One 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 stock. The company has an average rating of “Hold” and an average 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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Insider Buying and Selling by Quarter for SeaChange International (NASDAQ:SEAC)

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