Jacobs Levy Equity Management Inc. Buys Shares of 218 Seaboard Co. (NYSEAMERICAN:SEB)

Jacobs Levy Equity Management Inc. purchased a new position in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 218 shares of the company's stock, valued at approximately $530,000.

Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in Seaboard by 1,000.0% in the fourth quarter. Quadrant Capital Group LLC now owns 11 shares of the company's stock worth $27,000 after acquiring an additional 10 shares in the last quarter. Quarry LP purchased a new position in Seaboard in the fourth quarter worth $29,000. Sterling Capital Management LLC grew its position in Seaboard by 36.4% in the fourth quarter. Sterling Capital Management LLC now owns 15 shares of the company's stock worth $36,000 after acquiring an additional 4 shares in the last quarter. Deutsche Bank AG grew its position in Seaboard by 37.0% in the fourth quarter. Deutsche Bank AG now owns 37 shares of the company's stock worth $90,000 after acquiring an additional 10 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Seaboard in the fourth quarter worth $102,000. Institutional investors own 22.57% of the company's stock.

Seaboard Price Performance

NYSEAMERICAN:SEB traded down $29.00 during midday trading on Friday, hitting $2,566.00. The company had a trading volume of 2,879 shares, compared to its average volume of 2,374. The stock's fifty day moving average price is $2,584.58 and its 200-day moving average price is $2,672.18. 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 Co. has a 52-week low of $2,365.00 and a 52-week high of $3,376.15. The company has a market capitalization of $2.49 billion, a PE ratio of 28.32 and a beta of 0.36.

Seaboard declared that its board has initiated a share buyback 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 usually an indication that the company's board of directors believes its shares are undervalued.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Thursday, May 8th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Thursday, May 8th. Seaboard's payout ratio is currently 9.93%.

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.