Dimensional Fund Advisors LP decreased its stake in SeaChange International (NASDAQ:SEAC) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,784,116 shares of the software maker’s stock after selling 60,117 shares during the period. Dimensional Fund Advisors LP owned 5.05% of SeaChange International worth $4,889,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu KCG Holdings LLC bought a new stake in shares of SeaChange International in the 2nd quarter worth approximately $132,000. Northern Trust Corp lifted its holdings in shares of SeaChange International by 5.7% in the 2nd quarter. Northern Trust Corp now owns 87,357 shares of the software maker’s stock worth $232,000 after purchasing an additional 4,702 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of SeaChange International by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 213,810 shares of the software maker’s stock worth $569,000 after purchasing an additional 1,918 shares during the last quarter. Bourgeon Capital Management LLC lifted its holdings in shares of SeaChange International by 12.6% in the 3rd quarter. Bourgeon Capital Management LLC now owns 224,172 shares of the software maker’s stock worth $614,000 after purchasing an additional 25,046 shares during the last quarter. Finally, Eidelman Virant Capital lifted its holdings in shares of SeaChange International by 27.8% in the 3rd quarter. Eidelman Virant Capital now owns 228,013 shares of the software maker’s stock worth $624,000 after purchasing an additional 49,591 shares during the last quarter. 73.44% of the stock is currently owned by institutional investors and hedge funds.
In other SeaChange International news, insider Opportunities Fund Lp Se Viex sold 648,735 shares of SeaChange International stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $3.50, for a total transaction of $2,270,572.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.90% of the stock is owned by insiders.
Shares of SeaChange International (SEAC) traded up $0.06 during trading on Friday, reaching $3.24. The company’s stock had a trading volume of 260,069 shares, compared to its average volume of 260,780. SeaChange International has a 52-week low of $2.16 and a 52-week high of $4.03.
SeaChange International (NASDAQ:SEAC) last announced its earnings results on Wednesday, December 6th. The software maker reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The firm had revenue of $23.43 million for the quarter, compared to the consensus estimate of $19.50 million. SeaChange International had a negative return on equity of 5.91% and a negative net margin of 42.52%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.13) EPS. equities research analysts expect that SeaChange International will post 0.03 earnings per share for the current fiscal year.
About SeaChange International
SeaChange International, Inc (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies.
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