How SeaChange International (SEAC) Stacks Up Against Its Peers

We already know that not all hedge funds are bullish on the stock and some hedge funds actually said goodbye to their positions entirely. At the top of the heap, Benjamin A. Smith’s Laurion Capital Management said goodbye to the largest investment of the 700 funds monitored by Insider Monkey, totaling about $0.3 million in stock, and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners was right behind this move, as the fund sold off about $0.1 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to SeaChange International (NASDAQ:SEAC). We will take a look at CDI Corp. (NYSE:CDI), Sequans Communications SA ADR (NYSE:SQNS), GSV Capital Corp (NASDAQ:GSVC), and Edgewater Technology Inc. (NASDAQ:EDGW). This group of stocks’ market values are similar to SEAC’s market value.

As you can see these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $12 million. That figure was $28 million in SEAC’s case. CDI Corp. (NYSE:CDI) is the most popular stock in this table. On the other hand Edgewater Technology Inc. (NASDAQ:EDGW) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks SeaChange International (NASDAQ:SEAC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None