Private Management Group Inc. Buys 289 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Private Management Group Inc. lifted its stake in Seaboard Co. (NYSEAMERICAN:SEB) by 4.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,531 shares of the company’s stock after purchasing an additional 289 shares during the quarter. Private Management Group Inc.’s holdings in Seaboard were worth $20,488,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SEB. Gladius Capital Management LP purchased a new position in Seaboard in the second quarter worth $32,000. Farther Finance Advisors LLC purchased a new stake in Seaboard in the third quarter valued at about $50,000. Innealta Capital LLC acquired a new stake in Seaboard in the second quarter worth about $60,000. Covestor Ltd increased its holdings in shares of Seaboard by 18.5% during the first quarter. Covestor Ltd now owns 32 shares of the company’s stock valued at $106,000 after acquiring an additional 5 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Seaboard in the 2nd quarter valued at approximately $205,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Seaboard from a “hold” rating to a “buy” rating in a research report on Tuesday.

Seaboard Price Performance

Shares of NYSEAMERICAN:SEB traded down $96.87 during trading on Friday, hitting $2,669.14. The stock had a trading volume of 4,425 shares, compared to its average volume of 2,339. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 2.44. Seaboard Co. has a 12-month low of $2,650.00 and a 12-month high of $3,796.00.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share (EPS) for the quarter. The business had revenue of $2.22 billion for the quarter. Seaboard had a negative return on equity of 0.04% and a negative net margin of 0.02%.

Seaboard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.34%. Seaboard’s payout ratio is currently -273.56%.

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.