Seaboard Co. (NYSEAMERICAN:SEB – Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 5,000 shares, an increase of 22.0% from the June 30th total of 4,100 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 1.4 days.
Hedge Funds Weigh In On Seaboard
Several large investors have recently added to or reduced their stakes in SEB. Herr Investment Group LLC acquired a new stake in Seaboard in the first quarter worth $20,714,000. Dimensional Fund Advisors LP increased its position in Seaboard by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 42,580 shares of the company’s stock worth $152,015,000 after buying an additional 2,342 shares during the period. Edgestream Partners L.P. increased its position in Seaboard by 187.6% in the first quarter. Edgestream Partners L.P. now owns 2,327 shares of the company’s stock worth $7,502,000 after buying an additional 1,518 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Seaboard by 91.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock valued at $9,422,000 after purchasing an additional 1,421 shares during the period. Finally, Private Management Group Inc. increased its holdings in shares of Seaboard by 20.3% during the first quarter. Private Management Group Inc. now owns 5,382 shares of the company’s stock valued at $17,351,000 after purchasing an additional 907 shares during the period. 22.57% of the stock is currently owned by institutional investors.
Seaboard Stock Performance
Shares of Seaboard stock traded up $18.01 on Friday, hitting $3,161.86. 1,122 shares of the company’s stock traded hands, compared to its average volume of 3,220. The stock has a market cap of $3.07 billion, a P/E ratio of 13.14 and a beta of 0.35. The company has a current ratio of 2.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.21. Seaboard has a 52-week low of $2,955.33 and a 52-week high of $3,862.00.
Seaboard Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 10th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, May 9th. Seaboard’s dividend payout ratio (DPR) is presently 3.74%.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Seaboard from a “hold” rating to a “buy” rating in a research report on Friday, May 10th.
Check Out Our Latest Report on SEB
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.
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