VELA Investment Management LLC Has $3.06 Million Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

VELA Investment Management LLC increased its position in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 20.9% during the third quarter, Holdings Channel reports. The institutional investor owned 976 shares of the company’s stock after purchasing an additional 169 shares during the quarter. Seaboard comprises 0.9% of VELA Investment Management LLC’s holdings, making the stock its 28th biggest position. VELA Investment Management LLC’s holdings in Seaboard were worth $3,062,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Seaboard by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company’s stock worth $145,358,000 after acquiring an additional 1,081 shares during the period. Vanguard Group Inc. raised its holdings in shares of Seaboard by 0.3% in the first quarter. Vanguard Group Inc. now owns 23,189 shares of the company’s stock valued at $74,759,000 after purchasing an additional 66 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Seaboard by 81.4% during the 2nd quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock worth $28,957,000 after buying an additional 4,129 shares during the last quarter. Kahn Brothers Group Inc. increased its position in shares of Seaboard by 1.0% during the 1st quarter. Kahn Brothers Group Inc. now owns 9,052 shares of the company’s stock worth $29,183,000 after purchasing an additional 89 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its stake in shares of Seaboard by 4.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,372 shares of the company’s stock worth $23,608,000 after purchasing an additional 337 shares in the last quarter. 22.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Seaboard Stock Down 3.5 %

NYSEAMERICAN:SEB traded down $96.87 during trading hours on Friday, hitting $2,669.14. The company’s stock had a trading volume of 4,425 shares, compared to its average volume of 2,339. The company has a quick ratio of 1.47, a current ratio of 2.44 and a debt-to-equity ratio of 0.22. 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. Seaboard had a negative return on equity of 0.04% and a negative net margin of 0.02%. The company had revenue of $2.22 billion for the quarter.

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders 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 dividend on an annualized basis and a yield of 0.34%. Seaboard’s dividend payout ratio (DPR) is presently -273.56%.

Seaboard Profile

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.