Voloridge Investment Management LLC Boosts Stake in Seaboard Co. (NYSEAMERICAN:SEB)

Voloridge Investment Management LLC boosted its holdings in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,657 shares of the company's stock after purchasing an additional 143 shares during the quarter. Voloridge Investment Management LLC owned about 0.17% of Seaboard worth $4,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC raised its position in shares of Seaboard by 382.3% during the 3rd quarter. Barclays PLC now owns 1,881 shares of the company's stock valued at $5,900,000 after purchasing an additional 1,491 shares during the period. SG Americas Securities LLC bought a new stake in shares of Seaboard during the 4th quarter valued at $102,000. Perigon Wealth Management LLC bought a new stake in shares of Seaboard during the 4th quarter valued at $286,000. Private Management Group Inc. raised its position in shares of Seaboard by 30.8% during the 4th quarter. Private Management Group Inc. now owns 8,541 shares of the company's stock valued at $20,752,000 after purchasing an additional 2,010 shares during the period. Finally, Wilmington Savings Fund Society FSB raised 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 purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 22.57% of the company's stock.

Seaboard Price Performance

SEB traded up $20.52 during trading on Friday, hitting $2,724.98. 3,094 shares of the company traded hands, compared to its average volume of 2,379. The company has a market cap of $2.64 billion, a PE ratio of 30.07 and a beta of 0.36. The stock's 50-day simple moving average is $2,581.34 and its two-hundred day simple moving average is $2,668.83. Seaboard Co. has a 1 year low of $2,365.00 and a 1 year high of $3,361.12. The company has a current ratio of 2.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21.

Seaboard Dividend Announcement

The company 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. The ex-dividend date was Thursday, May 8th. This represents a $9.00 annualized dividend and a yield of 0.33%. Seaboard's dividend payout ratio (DPR) is 9.93%.

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