SeaChange International (SEAC) Major Shareholder Acquires $63,900.00 in Stock

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SeaChange International (NASDAQ:SEAC) major shareholder Karen Singer acquired 45,000 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The stock was bought at an average price of $1.42 per share, with a total value of $63,900.00. The purchase was disclosed in a filing 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 transactions with the SEC.

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

  • On Monday, January 7th, Karen Singer bought 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 bought 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 bought 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 bought 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 bought 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 bought 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 bought 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 bought 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.

NASDAQ:SEAC opened at $1.65 on Thursday. SeaChange International has a 1 year low of $1.13 and a 1 year high of $3.83. The stock has a market capitalization of $50.77 million, a price-to-earnings ratio of 15.00 and a beta of 0.46.

SeaChange International (NASDAQ:SEAC) last posted its earnings results on Monday, December 10th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $18.61 million during the quarter, compared to analysts’ expectations of $17.31 million. Equities research analysts predict that SeaChange International will post -0.4 EPS for the current year.

Separately, Zacks Investment Research raised SeaChange International from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. SeaChange International has a consensus rating of “Hold” and a consensus target price of $3.25.

Hedge funds have recently bought and sold shares of the company. B. Riley Financial Inc. acquired a new position in shares of SeaChange International during the third quarter worth about $68,000. King Luther Capital Management Corp acquired a new position in shares of SeaChange International during the third quarter worth about $179,000. Hilltop Holdings Inc. acquired a new position in shares of SeaChange International during the second quarter worth about $257,000. JPMorgan Chase & Co. boosted its position in shares of SeaChange International by 29.7% during the third quarter. JPMorgan Chase & Co. now owns 219,567 shares of the software maker’s stock worth $393,000 after buying an additional 50,336 shares during the period. Finally, Bridgeway Capital Management Inc. boosted its position in shares of SeaChange International by 44.4% during the third 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 during the period. 62.77% of the stock is owned by institutional investors.

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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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