VELA Investment Management LLC Sells 241 Shares of Seaboard Corporation $SEB

Key Points

• VELA Investment Management LLC reduced its holdings in Seaboard Corporation by 25% in the second quarter, now owning 724 shares valued at approximately $2,072,000.
• Seaboard recently announced a quarterly dividend of $2.25, translating to an annualized yield of 0.3%, with a low payout ratio of 9.93%.
• The stock opened at $3,439.80, with a market cap of $3.30 billion, while its one-year price range was between $2,365.00 and $4,038.54.

VELA Investment Management LLC lowered its holdings in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 25.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 724 shares of the company's stock after selling 241 shares during the period. VELA Investment Management LLC owned approximately 0.07% of Seaboard worth $2,072,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its stake in Seaboard by 1.8% during the first quarter. American Century Companies Inc. now owns 4,648 shares of the company's stock valued at $12,536,000 after acquiring an additional 84 shares in the last quarter. HB Wealth Management LLC purchased a new position in Seaboard during the first quarter valued at approximately $442,000. M&T Bank Corp purchased a new position in Seaboard during the first quarter valued at approximately $259,000. Allianz Asset Management GmbH grew its stake in Seaboard by 72.6% in the 1st quarter. Allianz Asset Management GmbH now owns 404 shares of the company's stock worth $1,090,000 after buying an additional 170 shares in the last quarter. Finally, Nisa Investment Advisors LLC purchased a new position in Seaboard in the 1st quarter worth approximately $135,000. Institutional investors own 22.57% of the company's stock.

Seaboard Price Performance

SEB stock opened at $3,439.80 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.40 and a quick ratio of 1.38. Seaboard Corporation has a one year low of $2,365.00 and a one year high of $4,038.54. The stock has a market cap of $3.30 billion, a PE ratio of 24.00 and a beta of 0.22. The firm has a 50 day simple moving average of $3,685.58 and a two-hundred day simple moving average of $3,092.81.

Seaboard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, August 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.

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