GAMMA Investing LLC Buys 2,693 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

GAMMA Investing LLC increased its stake in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 67,325.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,697 shares of the company's stock after purchasing an additional 2,693 shares during the period. GAMMA Investing LLC owned approximately 0.28% of Seaboard worth $7,274,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SEB. Quadrant Capital Group LLC boosted its stake in shares of Seaboard by 1,000.0% in the 4th quarter. Quadrant Capital Group LLC now owns 11 shares of the company's stock valued at $27,000 after purchasing an additional 10 shares in the last quarter. Quarry LP purchased a new position in Seaboard in the 4th quarter worth approximately $29,000. Sterling Capital Management LLC lifted its position in Seaboard by 36.4% in the fourth quarter. Sterling Capital Management LLC now owns 15 shares of the company's stock valued at $36,000 after purchasing an additional 4 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Seaboard by 37.0% during the fourth quarter. Deutsche Bank AG now owns 37 shares of the company's stock valued at $90,000 after purchasing an additional 10 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Seaboard in the fourth quarter worth approximately $102,000. 22.57% of the stock is currently owned by institutional investors.

Seaboard Trading Up 1.4%

Shares of NYSEAMERICAN SEB traded up $37.76 during mid-day trading on Thursday, hitting $2,749.00. The stock had a trading volume of 1,424 shares, compared to its average volume of 2,383. The business has a 50 day moving average price of $2,588.88 and a two-hundred day moving average price of $2,662.72. Seaboard Co. has a 1 year low of $2,365.00 and a 1 year high of $3,300.00. 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 cap of $2.67 billion, a P/E ratio of 30.34 and a beta of 0.36.

Seaboard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Thursday, May 8th were paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $9.00 annualized dividend and a dividend yield of 0.33%. Seaboard's payout ratio is presently 9.93%.

Seaboard announced that its board has authorized a stock repurchase plan on Wednesday, May 21st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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.