Today’s 13GD Alert: Why Viex Capital Advisors Reported Big Seachange International Inc Position?

Today's 13GD Alert: Why Viex Capital Advisors Reported Big Seachange International Inc Position?

The New Viex Capital Advisors Holding in Seachange International Inc

Viex Capital Advisors filed with the SEC SC 13D/A form for Seachange International Inc. The form can be accessed here: 000092189516006184. As reported in Viex Capital Advisors’s form, the filler as of late owns 7.3% or 2,560,419 shares of the Information Technology–company.

Seachange International Inc stake is a new one for the and it was filed because of activity on November 11, 2016. We feel this shows Viex Capital Advisors’s positive view for the stock.

Seachange International Inc Institutional Sentiment

Latest Security and Exchange filings show 83 investors own Seachange International Inc. The institutional ownership in Q3 2015 is high, at 85.85% of the outstanding shares. This is decreased by 522031 the total institutional shares. 30202930 were the shares owned by these institutional investors. In total 9 funds opened new Seachange International Inc stakes, 29 increased stakes. There were 12 that closed positions and 27 reduced them.

John Zaro Bourgeon Capital Management Llc is an institutional investor bullish on Seachange International Inc, owning 317809 shares as of Q3 2015 for 1.40% of its portfolio. Awm Investment Company Inc owns 949913 shares or 1.16% of its portfolio. PA Millrace Asset Group Inc have 2.25% of their stock portfolio for 331232 shares. Further, Adirondack Research & Management Inc reported stake worth 1.67% of its US stock portfolio. The MD Roumell Asset Management Llc owns 1437260 shares. Seachange International Inc is 18.37% of the manager’s US portfolio.

Business Profile

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. SeaChange sells its software products and services across the world, to television service providers, including cable television system operators, telecommunications companies, satellite operators and media companies. Its systems enable service providers to offer other interactive television services that allow subscribers to receive personalized services and interact with their video devices. Its business consists of three product areas: multiscreen video backoffice, advertising and video gateway software solutions. It also offers SeaChange Infusion Advanced Advertising Platform, Adrenalin, SeaChange Infusion Advanced Advertising Platform and Nucleus.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.83 in 2016 Q2. Its down 0.22, from 1.05 in 2016Q1. The ratio dropped, as 25 funds sold all SeaChange International shares owned while 27 reduced positions. 21 funds bought stakes while 22 increased positions. They now own 29.70 million shares or 6.80% less from 31.86 million shares in 2016Q1.

Susquehanna Int Llp holds 32,827 shares or 0% of its portfolio. Kcg Hldg Incorporated holds 0% of its portfolio in SeaChange International (NASDAQ:SEAC) for 18,774 shares. Invesco Limited accumulated 0% or 31,469 shares. Eidelman Virant Cap reported 127,900 shares or 0.25% of all its holdings. Art Lc has 84,686 shares for 0.01% of their US portfolio. Moreover, Cambridge Advsr Incorporated has 0% invested in SeaChange International (NASDAQ:SEAC) for 18,900 shares. Retail Bank Of Mellon has 0% invested in the company for 173,805 shares. Laurion Capital L P, a New York-based fund reported 106,500 shares. Millennium Ltd holds 0% or 178,994 shares in its portfolio. Da Davidson Company holds 0% or 1,000 shares in its portfolio. Goldman Sachs Grp accumulated 0% or 61,473 shares. Morgan Stanley holds 16,807 shares or 0% of its portfolio. Blackrock Advsrs Llc last reported 7,106 shares in the company. Stifel Financial owns 15,967 shares or 0% of their US portfolio. Deutsche Bank Ag owns 64,557 shares or 0% of their US portfolio.

Insider Transactions: Since June 10, 2016, the stock had 1 insider purchase, and 0 selling transactions for $83,993 net activity. $83,993 worth of shares were bought by Cotton Mary Palermo on Friday, June 10.

The stock closed at $2.5 during the last session. It is down 37.34% since April 13, 2016 and is downtrending. It has underperformed by 41.27% the S&P500.

SeaChange International, Inc. is engaged in the delivery of multiscreen video. The company has a market cap of $94.78 million. The Company’s services and products facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies. It currently has negative earnings. SeaChange sells its software services and products across the world, to television service providers, including cable television system operators, telecommunications companies, satellite operators and media companies.

SeaChange International (NASDAQ:SEAC) Ratings Coverage

Out of 4 analysts covering SeaChange International (NASDAQ:SEAC), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. SeaChange International has been the topic of 4 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Wednesday, August 24 the stock rating was maintained by Dougherty & Company with “Buy”. The rating was downgraded by Noble Financial on Friday, April 8 to “Hold”. On Friday, July 24 the stock rating was initiated by Drexel Hamilton with “Hold”. The stock of SeaChange International (NASDAQ:SEAC) earned “Hold” rating by Lake Street on Tuesday, August 23.

More recent SeaChange International (NASDAQ:SEAC) news were published by: Metrowestdailynews.com which released: “SeaChange International Inc. introduces new multiscreen video” on June 29, 2016. Also Bizjournals.com published the news titled: “Tech firm ousts CEO as net loss nearly doubles” on April 08, 2016. Seekingalpha.com‘s news article titled: “SeaChange International’s (SEAC) CEO Ed Terino on Q2 2017 Results – Earnings …” with publication date: September 02, 2016 was also an interesting one.

According to Zacks Investment Research, “SeaChange International, Inc. develops, markets and supports products to manage, store and distribute digital video for television operators, broadcast and telecommunications companies. The company’s products utilize its proprietary distributed application software and standard industry components to automate the management and distribution of short- and long-form video streams including advertisements, movies, news updates and other video programming requiring precise, accurate and continuous execution.”

SEAC Company Profile

SeaChange International, Inc. (SeaChange), incorporated on July 9, 1993, is engaged in the delivery of multiscreen video. The Company’s services and products facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies. SeaChange sells its software services and products across the world, primarily to television service providers, including cable television system operators, telecommunications companies, satellite operators and media companies. The Company’s systems enable service providers to offer other interactive television services that allow subscribers to receive personalized services and interact with their video devices. The Company’s business consists of three product areas: multiscreen video backoffice, advertising and video gateway software solutions. The Company’s advertising includes SeaChange Infusion Advanced Advertising Platform.

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