Nisa Investment Advisors LLC Invests $135,000 in Seaboard Corporation (NYSEAMERICAN:SEB)

Nisa Investment Advisors LLC purchased a new stake in Seaboard Corporation (NYSEAMERICAN:SEB) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 50 shares of the company’s stock, valued at approximately $135,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its stake in shares of Seaboard by 36.4% in the 4th quarter. Sterling Capital Management LLC now owns 15 shares of the company’s stock valued at $36,000 after purchasing an additional 4 shares in the last quarter. Bfsg LLC lifted its holdings in Seaboard by 8.5% during the first quarter. Bfsg LLC now owns 77 shares of the company’s stock valued at $208,000 after purchasing an additional 6 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Seaboard by 1,000.0% during the 4th quarter. Quadrant Capital Group LLC now owns 11 shares of the company’s stock valued at $27,000 after buying an additional 10 shares in the last quarter. Deutsche Bank AG increased its stake in Seaboard by 37.0% during the fourth quarter. Deutsche Bank AG now owns 37 shares of the company’s stock worth $90,000 after acquiring an additional 10 shares during the last quarter. Finally, VELA Investment Management LLC increased its position in Seaboard by 1.2% during the first quarter. VELA Investment Management LLC now owns 965 shares of the company’s stock valued at $2,603,000 after acquiring an additional 11 shares during the last quarter. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Stock Performance

SEB opened at $3,081.94 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.46 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.99 billion, a PE ratio of 30.54 and a beta of 0.15. The firm has a 50 day moving average of $2,770.77 and a two-hundred day moving average of $2,646.88. Seaboard Corporation has a 12-month low of $2,365.00 and a 12-month high of $3,300.00.

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Thursday, May 8th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Thursday, May 8th. Seaboard’s dividend payout ratio (DPR) is 9.93%.

Seaboard declared that its board has authorized a stock repurchase plan on Wednesday, May 21st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.