VELA Investment Management LLC Sells 22 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

VELA Investment Management LLC trimmed its stake in Seaboard Co. (NYSEAMERICAN:SEB) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 954 shares of the company’s stock after selling 22 shares during the quarter. VELA Investment Management LLC’s holdings in Seaboard were worth $2,318,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Seaboard during the third quarter worth approximately $25,000. Farther Finance Advisors LLC bought a new stake in Seaboard during the 3rd quarter worth approximately $50,000. SG Americas Securities LLC acquired a new stake in Seaboard during the 4th quarter valued at $102,000. Covestor Ltd raised its position in Seaboard by 21.2% in the 3rd quarter. Covestor Ltd now owns 40 shares of the company’s stock valued at $127,000 after purchasing an additional 7 shares during the last quarter. Finally, Bfsg LLC boosted its stake in Seaboard by 22.4% in the fourth quarter. Bfsg LLC now owns 71 shares of the company’s stock worth $173,000 after purchasing an additional 13 shares in the last quarter. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Seaboard Stock Performance

SEB opened at $2,808.12 on Friday. Seaboard Co. has a 1-year low of $2,365.00 and a 1-year high of $3,423.10. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 30.99 and a beta of 0.36. The company has a quick ratio of 1.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.21.

Seaboard Dividend Announcement

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

Seaboard Company 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.