VELA Investment Management LLC Has $2.32 Million Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

VELA Investment Management LLC decreased its holdings in Seaboard Co. (NYSEAMERICAN:SEB) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 954 shares of the company’s stock after selling 22 shares during the period. VELA Investment Management LLC owned about 0.10% of Seaboard worth $2,318,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Seaboard during the third quarter worth $25,000. Farther Finance Advisors LLC acquired a new position in Seaboard in the 3rd quarter worth about $50,000. Covestor Ltd raised its stake in shares of Seaboard by 21.2% during the 3rd quarter. Covestor Ltd now owns 40 shares of the company’s stock worth $127,000 after purchasing an additional 7 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Seaboard during the 4th quarter worth about $102,000. Finally, Versor Investments LP acquired a new stake in shares of Seaboard during the 3rd quarter valued at about $216,000. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Stock Performance

SEB stock opened at $2,808.12 on Friday. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 30.99 and a beta of 0.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.50 and a quick ratio of 1.50. Seaboard Co. has a 52-week low of $2,365.00 and a 52-week high of $3,423.10.

Seaboard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be given a $2.25 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $9.00 annualized dividend and a yield of 0.32%. Seaboard’s dividend payout ratio is 9.93%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Seaboard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

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.