VELA Investment Management LLC Raises Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

VELA Investment Management LLC raised its stake in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 20.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 976 shares of the company’s stock after purchasing an additional 169 shares during the quarter. Seaboard accounts for about 0.9% of VELA Investment Management LLC’s holdings, making the stock its 28th biggest holding. VELA Investment Management LLC owned approximately 0.10% of Seaboard worth $3,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in SEB. Virtu Financial LLC purchased a new stake in shares of Seaboard in the 1st quarter worth about $550,000. DAVENPORT & Co LLC grew its holdings in Seaboard by 4.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,372 shares of the company’s stock valued at $23,608,000 after buying an additional 337 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Seaboard during the 1st quarter valued at approximately $1,847,000. Rhumbline Advisers grew its holdings in Seaboard by 44.9% during the 2nd quarter. Rhumbline Advisers now owns 913 shares of the company’s stock valued at $2,886,000 after buying an additional 283 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Seaboard by 2,337.5% in the first quarter. Lazard Asset Management LLC now owns 390 shares of the company’s stock valued at $1,257,000 after purchasing an additional 374 shares in the last quarter. 22.57% of the stock is currently owned by institutional investors.

Seaboard Stock Down 3.5 %

NYSEAMERICAN SEB traded down $96.87 during mid-day trading on Friday, hitting $2,669.14. The stock had a trading volume of 4,425 shares, compared to its average volume of 2,339. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 1.47. Seaboard Co. has a twelve month low of $2,650.00 and a twelve month high of $3,796.00.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($153.44) earnings per share (EPS) for the quarter. The company had revenue of $2.22 billion during the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%.

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a $2.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $9.00 annualized dividend and a dividend yield of 0.34%. Seaboard’s dividend payout ratio (DPR) is presently -273.56%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Seaboard from a “hold” rating to a “buy” rating in a report on Tuesday.

About Seaboard

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.