SeaChange International (NASDAQ:SEAC) released its quarterly earnings data on Monday. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02, Yahoo Finance reports. SeaChange International had a negative return on equity of 5.91% and a negative net margin of 42.52%.
SeaChange International stock opened at $3.07 on Tuesday. SeaChange International has a 52-week low of $2.35 and a 52-week high of $4.03. The firm has a market cap of $106.16, a price-to-earnings ratio of -153.50 and a beta of 0.63.
A hedge fund recently raised its stake in SeaChange International stock. Northern Trust Corp lifted its holdings in shares of SeaChange International (NASDAQ:SEAC) by 5.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 87,357 shares of the software maker’s stock after purchasing an additional 4,702 shares during the period. Northern Trust Corp owned 0.25% of SeaChange International worth $232,000 at the end of the most recent reporting period. Institutional investors own 73.14% of the company’s stock.
About SeaChange International
SeaChange International, Inc provides multiscreen video, 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 to cable system operators, satellite operators, and telecommunications and media companies worldwide.
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