Seaboard Co. (NYSEAMERICAN:SEB) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 67,325.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,697 shares of the company’s stock after purchasing an additional 2,693 shares during the quarter. GAMMA Investing LLC owned 0.28% of Seaboard worth $7,274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB lifted its position in shares of Seaboard by 1,937.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 163 shares of the company’s stock valued at $396,000 after buying an additional 155 shares in the last quarter. Millennium Management LLC lifted its position in shares of Seaboard by 201.4% during the 4th quarter. Millennium Management LLC now owns 2,933 shares of the company’s stock valued at $7,126,000 after buying an additional 1,960 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Seaboard during the 4th quarter valued at approximately $374,000. The Manufacturers Life Insurance Company lifted its position in shares of Seaboard by 9.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 265 shares of the company’s stock valued at $644,000 after buying an additional 22 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of Seaboard by 9.4% during the 4th quarter. Voloridge Investment Management LLC now owns 1,657 shares of the company’s stock valued at $4,026,000 after buying an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Trading Up 0.3%

Shares of SEB stock opened at $2,776.04 on Monday. The stock’s fifty day moving average is $2,587.12 and its two-hundred day moving average is $2,668.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 2.50. The firm has a market capitalization of $2.69 billion, a P/E ratio of 30.63 and a beta of 0.36. Seaboard Co. has a fifty-two week low of $2,365.00 and a fifty-two week high of $3,300.00.

Seaboard announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Thursday, May 8th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Thursday, May 8th. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.

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.