StockNews.com started coverage on shares of SeaChange International (NASDAQ:SEAC – Get Rating) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the software maker's stock.
SeaChange International Trading Down 7.7 %
Shares of NASDAQ SEAC opened at $0.48 on Friday. The company has a market cap of $24.03 million, a PE ratio of -1.85 and a beta of 1.05. The company has a 50-day moving average of $0.55 and a two-hundred day moving average of $0.79. SeaChange International has a 1-year low of $0.38 and a 1-year high of $3.44.
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Insider Buying and Selling
In other SeaChange International news, major shareholder Karen Singer purchased 98,262 shares of the company's stock in a transaction that occurred on Wednesday, June 29th. The stock was acquired at an average cost of $0.60 per share, with a total value of $58,957.20. Following the completion of the purchase, the insider now directly owns 6,875,616 shares in the company, valued at approximately $4,125,369.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 1,103,083 shares of company stock valued at $632,996 over the last ninety days. Insiders own 4.00% of the company's stock.
Institutional Trading of SeaChange International
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Personal CFO Solutions LLC bought a new position in shares of SeaChange International in the first quarter valued at about $41,000. US Bancorp DE bought a new position in shares of SeaChange International in the first quarter valued at about $41,000. Vanguard Group Inc. raised its position in shares of 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 period. Renaissance Technologies LLC raised its position in shares of 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 period. Finally, Jane Street Group LLC bought a new position in shares of SeaChange International in the first quarter valued at about $38,000. 26.11% of the stock is owned by institutional investors.
SeaChange International Company Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on SeaChange International (SEAC)
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