Bourgeon Capital Management buys $1,039,379 stake in SeaChange International (SEAC)

SeaChange International (SEAC) : Bourgeon Capital Management scooped up 106,600 additional shares in SeaChange International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 319,809 shares of SeaChange International which is valued at $1,039,379.SeaChange International makes up approximately 0.64% of Bourgeon Capital Management’s portfolio.

Other Hedge Funds, Including , Rice Hall James Associates sold out all of its stake in SEAC during the most recent quarter. The investment firm sold 396,077 shares of SEAC which is valued $1,283,289. Vigilant Capital Management added SEAC to its portfolio by purchasing 25,000 company shares during the most recent quarter which is valued at $85,500. SeaChange International makes up approx 0.02% of Vigilant Capital Management’s portfolio. Simplex Trading added SEAC to its portfolio by purchasing 2,150 company shares during the most recent quarter which is valued at $7,353.Foundry Partners boosted its stake in SEAC in the latest quarter, The investment management firm added 13,300 additional shares and now holds a total of 411,065 shares of SeaChange International which is valued at $1,377,068. SeaChange International makes up approx 0.13% of Foundry Partners’s portfolio.Cutler Group Lp reduced its stake in SEAC by selling 1,753 shares or 61.36% in the most recent quarter. The Hedge Fund company now holds 1,104 shares of SEAC which is valued at $3,698.

SeaChange International closed down -0.04 points or -1.22% at $3.25 with 56,943 shares getting traded on Monday. Post opening the session at $3.28, the shares hit an intraday low of $3.21 and an intraday high of $3.29 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, SeaChange International reported $-0.20 EPS for the quarter, based on the information available during the earnings call on Jun 7, 2016. Analyst had a consensus estimate of $-0.20. The company had revenue of $21.60 million for the quarter, compared to analysts expectations of $20.75 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.20 EPS.

SeaChange International Inc. (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services provide aggregation licensing management and distribution of video primarily movies and television programming and television advertising content to cable television system operators telecommunications and media companies. The Company sells software products and services primarily to television service providers including cable television system operators telecommunications companies and media companies. The Company’s business consists of three product areas: multiscreen video television advertising and video gateway software. The Company offers multiscreen video products under two deployment options: on-site software licenses and on a SaaS basis. The Company offers SeaChange Infusion Advanced Advertising Platform SeaChange Infusion AdPulse On-Demand Advertising Software and SeaChange AdFlow.

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