VELA Investment Management LLC Reduces Stock Holdings in Seaboard Corporation $SEB

VELA Investment Management LLC decreased its holdings in Seaboard Corporation (NYSEAMERICAN:SEB) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 610 shares of the company’s stock after selling 101 shares during the quarter. VELA Investment Management LLC owned about 0.06% of Seaboard worth $2,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SEB. EverSource Wealth Advisors LLC lifted its stake in Seaboard by 160.0% in the second quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock worth $37,000 after acquiring an additional 8 shares during the period. Farther Finance Advisors LLC lifted its stake in Seaboard by 37.5% in the fourth quarter. Farther Finance Advisors LLC now owns 22 shares of the company’s stock worth $98,000 after acquiring an additional 6 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in Seaboard by 20.0% in the second quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company’s stock worth $103,000 after acquiring an additional 6 shares during the period. Comerica Bank lifted its stake in Seaboard by 700.0% in the fourth quarter. Comerica Bank now owns 24 shares of the company’s stock worth $107,000 after acquiring an additional 21 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in Seaboard by 328.6% in the third quarter. Russell Investments Group Ltd. now owns 30 shares of the company’s stock worth $109,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Stock Performance

Shares of SEB stock opened at $5,574.84 on Friday. The stock has a fifty day moving average of $5,385.98 and a 200 day moving average of $4,737.96. Seaboard Corporation has a 52 week low of $2,437.00 and a 52 week high of $5,989.37. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 10.80 and a beta of 0.27. The company has a quick ratio of 1.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.19.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings results on Thursday, February 12th. The company reported $262.99 EPS for the quarter. Seaboard had a return on equity of 10.01% and a net margin of 5.09%.The company had revenue of $2.41 billion during the quarter.

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, February 23rd were paid a $2.25 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.